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 inches up on demand from China and India
On Tuesday, gold tacked on in Asia, with physical demand from India during the festival season as well as the other leading importer China because markets get back after a week-long holiday the previous week.
December delivery gold futures rallied 0.31% being worth $1,289.05 a troy ounce.
Overnight, the number one precious commodity grew, backed by a sink in the US currency because a leap in geopolitical uncertainty enhanced demand for gold, although growing expectations that the key US financial institution will increase its rates for the third time in 2017 capped revenues.
Gold managed to make a firm start to the trading week amid recovering geopolitical uncertainty because Donald Trump’s tweets over the weekend drove fears that the US president is seriously considering military action against North Korea.
Net bullish bets on the yellow precious metal inched down to 203.9, as the Commodity Futures Trading Commission informed on Friday.
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 US Institute for Supply Management will release ISM manufacturing PMI on July 1, 17:00 GMT+3.
The United States Bureau of Economic Analysis will release monthly Personal Consumption Expenditures (PCE) on June 30, 15:30 GMT+3.
The governor of the Bank of England, Andrew Bailey, will hold a speech on June 29 at 15:30 MT time (GMT+3).