
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 demand slumped to its lowest value for eight years during the last quarter. It’s because jewelry buying edged down, while inflows into bullion-backed exchange traded funds dipped too, as data from the World Gold Council revealed on Thursday.
Overall demand sank 9% hitting 915 tons. It appears to be the weakest outcome since the third quarter of 2009, as the WGC informed.
The given pattern will probably feed through to the whole year, with the WGC predicting annual demand of about 3,900-4,000 tons, versus 4,347 tons last year. By the way, on an annual basis gold demand hasn’t stood below 4,000 tons since 2009.
India that along with China appears to be the world’s number one gold consumer, faced quite soft gold demand because of the introduction of the fresh goods as well as services tax from the beginning of July, as the WGC stressed. It generated a lot of purchases.
The WGC actually expects Indian demand to keep to approximately 650-750 tons, which is in line with a dismal 2016. As for Chinese demand, it will most likely show 850-950 tons.
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?
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!
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 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!
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!