The ounce price of gold reached $3,360 at 23:20 Bulgarian time, marking a 2.13% increase, amid tensions in the US over the resignation at the Federal Reserve and President Trump's order to fire the expert in charge of the Labor Department's statistics division.

Following the Federal Reserve's decision on July 30 to keep interest rates unchanged, Trump stepped up his criticism of Powell, calling on the Federal Reserve board to "take control," the Anadolu Agency reported.

Two Federal Reserve representatives issued statements today explaining the reasons for voting to lower interest rates at this week's meeting, and Adriana D. Kugler, a member of the US Federal Reserve Board, resigned.

In addition, the US president announced that he had ordered the dismissal of the expert in charge of the Labor Department's statistics division after the agency's data showed a sharp slowdown in employment growth.

Trump said the latest employment data released by the Bureau of Labor Statistics was "manipulated" and politically motivated.

The price of gold, which had recently fallen slightly, reached a historic high, exceeding $3,430 in July.

The price of silver also rose by 0.7%, reaching $37 per ounce.

Meanwhile, US stock markets closed the week with huge losses. | BGNES