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 grows in Asia as China Caixin manufacturing PMI soars
On Tuesday, gold futures rallied in Asia, with regional currencies demonstrating some profits on the greenback by regional currencies following a better than expected Caixin manufacturing PMI for July.
August delivery gold futures tacked on by 0.19% being worth $1,268.97 a troy ounce.
Unlike the observed 50.4 reading, on Tuesday, the Caixin manufacturing PMI showed 51.1, surpassing expectations.
Overnight, gold edged down below breakeven notwithstanding a more than fourteen-month decrease in the US currency on the back of ascending uncertainty whether the Fed will keep to its initiative to increase rates at least once more in 2017.
The number one precious commodity traded in a narrow five-dollar band $1,268.40-$1,270.31, trying to capitalize on greenback weakness amid a sag in physical demand for gold.
In India, gold demonstrated the biggest discount for seven months as a rebound in prices affected retail demand, while imports of gold are expected to be weighed amid a seasonal slowdown.
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?
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.