
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 Tuesday, gold futures rallied in Asia, with a government shutdown in America no longer threatening for at least three weeks. It’s because Donald Trump dared to sign a continuing funding resolution officially approved by US Congress on Monday.
February delivery gold futures added 0.32% in New York being worth $1,336.10 a troy ounce.
Overnight, gold dived from maximums because safe-haven demand declined reacting to news that US Senators might be approaching an agreement to have the government shutdown resolved.
Another factor putting pressure on gold was an everlasting soar in Treasury yields because the United States 10-Year tacked on to an almost three-and-half-year maximum amid soaring investor optimism on the outlook of inflation as well as economic surge.
Sentiment for the number one precious metal is still bullish, although data disclosed that market participants kept increasing their bullish bets on this commodity for the fifth week in a row.
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 Reserve Bank of Australia (RBA) will make a statement and release a Cash Rate on February 7, 05:30 GMT+2. It's among the primary tools the RBA uses to communicate with investors about monetary policy.
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.
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