According to CoinMeta, gold prices fell on Friday, but as investors closely monitor the developments in the Middle East situation, gold prices are on their way to their first monthly increase in five months. Financial analysts at Sukudun said that precious metal prices rebounded due to the weakening of the US dollar after the release of weak GDP data, but this trend is not entirely convincing given the lack of a significant decline in US Treasury yields. At the same time, the Federal Reserve maintained its interest rates unchanged at its July meeting, and Chairman Powell provided almost no clear guidance on the Fed's next policy moves.