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 heads south in Asia with traders waiting for Fed clues next week
On Thursday, gold went down moderately in Asia, with financial markets waiting for comment from the key US bank at next week's policy meeting.
February delivery gold futures dived 0.03% in New York being worth $1,265.70 a troy ounce.
Middle East tension strengthened as President Donald Trump is reversing decades of American foreign policy, telling he’s urging the State Department to start preparations to move the US Embassy in Israel to Jerusalem from Tel Aviv.
Overnight, the number one precious metal hovered above six-week minimums because the evergreen buck kept soaring after uncertainty as for a probable American government shutdown relieved, thus diminishing investor demand for gold.
Gold struggled to hold onto revenues because worries regarding a probable government shutdown relieved amid news that the GOP leadership in the House and Senate intended to pass a bill, which would extend the government shutdown deadline from December 8 to December 22.
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The Organization of Petroleum Exporting Countries will hold a meeting on June 2.
Russian Oil Got Banned from Market
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?
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Assets Won’t Survive This Week
As Europe moves into recession, next week may provide us with some amazing trading opportunities. Here they are!
Post-Fed Releases for USD & CAD Traders
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
FED and BOE Make Another Attempt to Beat Inflation
The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.
