
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 dipped moderately in Asia, shrugging off the latest North Korean missile test. Meanwhile, the American and British markets were unavailable for holidays.
In New York, June delivery gold futures dipped 0.13%, being worth $1,266.42 a troy ounce.
The previous week, gold inched up to a nearly one-month peak, shrugging off an ascend in the greenback to a four-day peak, reacting to an upward revision to American economic surge as well as expectations that the Fed would lift its benchmark rate already in June.
The American economy ascended faster than initially reported during the first three months of this year, thus relieving worries as for a potential slowdown in the American economy.
Gross domestic product moved up at an annualized rate of about 1.2% during the first three months of this year, which exceeds the previous reading of 0.7% that turned to be the slowest period of economic surge since 2014.
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 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.
About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.
Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!
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