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 declines in Asia
On Tuesday, gold prices sank in Asia, as market participants mulled renewed demand prospects from China, reacting to data, which showed China's net-gold imports via major conduit Hong Kong soared 50.8% month-on-month in February.
In New York, April delivery gold futures dropped 0.19%, trading at $1,253.35 a troy ounce. Besides this, copper futures tumbled 0.15%, reaching $2.633 a pound because supply worries wane after strikes in the settlement the previous week of strikes at key mines in Chile and Indonesia.
Overnight, gold prices ascended, as market participants raised worries over President Trump’s ability to deliver on his pro-growth policies, right after on Friday the Trump administration didn’t manage to push a health care bill through congress.
Gold prices kept to session peaks, after a tumble in the greenback kept lending support to dollar-denominated gold, as market participants fled the so-called ‘Trumpflation trade’ amid concerns that the healthcare bill setback could affect Trump’s pro-growth policies being passed.
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?
The US Institute for Supply Management will release ISM manufacturing PMI on July 1, 17:00 GMT+3.
The United States Bureau of Economic Analysis will release monthly Personal Consumption Expenditures (PCE) on June 30, 15:30 GMT+3.
The governor of the Bank of England, Andrew Bailey, will hold a speech on June 29 at 15:30 MT time (GMT+3).