Gold rising

On Friday, the price of gold reached a maximum of three and a half months due to lower expectations for a quick reform of the tax administration of the Trump.
Gold futures for April rose by 0.53% to $1258.05 on a division of the New York Commodity Exchange COMEX. During the trading session, the price of gold rose to a maximum from November 11 - $1258.8.
For the week gold has risen in price by 1.56%, registering the fourth consecutive week of increase.
On Thursday, US Treasury Secretary Steven Mnuchin said that he would like to hold a large-scale tax reform through Congress before the holidays in August, but there is still a lot of work.
He also noted that the Trump administration's actions to change economic policies are likely to have an effect only next year.
These statements have reduced investors' expectations that the tax reform will boost the inflation and will force FED to raise interest rates in the United States.