The US Payrolls Bring New Hope for Gold
The Us Bureau of Labor Statistics will release monthly average hourly earnings, non-farm employment change (NFP), and unemployment rate on June 3, 15:30 MT time (GMT+3).
Gold adds in Asia on political risk worries
On Wednesday, gold rallied in Asia because increased political risk regionally and in the USA and Great Britain underpinned the number one precious metal.
In New York, February delivery gold futures grew 0.21% demonstrating an outcome of $1,267.50 a troy ounce.
On Wednesday, US B1 bombers are expected to fly over the Korean peninsula as part of a scheduled military exercises to withstand Pyongyang. The week-long drills burst out just a week after North Korea dared to test what it labeled as the most advanced ICBM and also warned that the exercises would get the Korean peninsula closer to the fierce nuclear war.
Overnight, gold dived to six-week minimums because the greenback kept strengthening on the back of recent investor optimism as for the anticipated tax reform.
Gold declined because bullish sentiment in risk markets was strengthening amid rallying investor hopes that the Senate as well as House of Representatives will have their respective bills reconciled, thus ensuring that the final bill will come to Donald Trump for the official approval before year-end.
Similar
The OPEC Meeting May Push Oil to $150
The Organization of Petroleum Exporting Countries will hold a meeting on June 2.
Russian Oil Got Banned from Market
This week started with the talk of the United States banning Russian oil exports, so XBR/USD saw $130 a barrel. Then the ban became reality. What does it really mean for the market?
Latest news
The Yen Sets New Lows
The Japanese yen fell to its lowest level against the US dollar in 33 years. Read the full report to learn the next target for USDJPY!
Experts are Waiting for US Stocks to Rise
The US stock market fell in the third quarter. What's going on and why economists think that the last quarter will be better? Let's discuss it all here.
BlackRock CEO Supports The USD
BlackRock CEO forecasts the Fed may have to raise rates further. The US dollar index (DXY) gains 130 points today. Read the full report to get more fresh news and technical analysis!
