
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).
On Monday, gold grew to its highest level in nearly a month during European trade because market participants awaited a busy week of economic events, including a Fed policy decision as well as American second quarter surge data.
Gold futures rose to$1,257.41 a troy ounce, its highest value since June. Last the commodity was worth $1,253.21, sliding 0.1%.
The previous week prices logged a profit of more than 2% because everlasting political turmoil in the White House and also weakness in the greenback bolstered haven demand for the primary precious metal.
Next week global financial markets will pay attention to the outcome of Wednesday's Federal Reserve policy gathering for any fresh insight on the timing of the next American rate lift and clues on how the US major financial institution intends to pare back its huge balance sheet.
Meanwhile, platinum lost 0.3% being worth $934.85, palladium sank 0.2% trading at $842.30 an ounce.
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).
The Organization of Petroleum Exporting Countries will hold a meeting on June 2.
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?
Saudi Arabia agreed to cut oil production. What will happen with the oil price now?
The situation on the labor market still looks optimistic. Today we expect the Unemployment rate data. 3.5% is expected.
The first day of June should’ve brought us the US default. Unsurprisingly, the US House passes the debt ceiling bill at the latest possible moment.
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