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 edges up in Asia on mixed China trade data
On Friday, gold tacked on, with Chinese trade data offering rather a mixed picture on global demand prospects as well as potential higher inflation.
In New York, February delivery gold futures rallied 0.41% being worth $1,327.90 a troy ounce.
As China informed, in December exports gained 10.9% versus a profit of 9.1% observed, imports edged up 4.5% versus a 13.0% jump anticipated, while the trade balance hit $54.69 billion surplus unlike surplus of $37 billion observed.
Gold headed north to nearly four-month maximums as the evergreen buck was suppressed after the common currency soared on hawkish ECB gathering minutes suggesting that monetary policy tightening might soon follow.
On Thursday, the Labor Department told its producer price index for final demand inched down 0.1% in December having soared 0.2%. For the last 12 months through December, the PPI rallied 2.6, thus missing hopes for a 3% jump.
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USD Moves Weird Ahead of CPI
The United States will publish the Inflation Rate and Core Inflation Rate, also known as US CPI and Core CPI, on August 10 at 15:30 GMT+3.
The NFP Release: One More Punch for USD?
The United States Bureau of Labor Statistics will release monthly average hourly earnings, non-farm employment change (NFP), and unemployment rate on August 5, 15:30 GMT+3.
The UK Speeds Up Tightening
The Bank of England (BoE) will share its Official Bank Rate and make a statement on monetary policy on August 4, 14:00 GMT+3.
