
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 Wednesday, gold tacked on in Asia on the ongoing chaotic American political situation applying pressure on expectations for economic policies favoring tax dips as well as higher spending. Additionally, investors considered key lawmakers call for a memo probably written by ex-FBI director James Comey on Trump.
June delivery gold futures added 0.60%, hitting $1,243.82 a troy ounce in New York. Besides this, copper futures tumbled 0.24%, trading at $2.544 a pound.
Overnight, gold soared because American political jitters suppressed the greenback, while mostly dismal economic reports dampened expectations of a rebound in second-quarter American economic surge.
On Tuesday, market sentiment shifted towards safe-havens because political turmoil in Washington grew after two US statesmen told that Donald Trump unveiled sensitive information to Russian foreign minister at a gathering the previous week.
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?
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!
The US dollar index breaks one resistance after another. Read the report to learn the next target for the US dollar index!
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