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 jumps in Asia
On Thursday, gold added in Asia right after US Justice Department Deputy Attorney General Rod Rosenstein suddenly appointed ex-FBI director Robert Mueller as special counsel just to take over the investigation of Russia's hypothetical interference in the American presidential election.
In New York, June delivery gold futures tacked on 0.13%, trading at $1,260.29 a troy ounce. As for copper futures, they dipped 0.24%, being worth $2.538 a pound.
Overnight, gold futures inched up to a two-week peak because traders poured back into the safe-haven trade, following American political turmoil, while a recent batch of dismal economic data dampened investor hunger for riskier assets.
The US political saga kept dominating market moves for a second-straight day amid news that Trump asked ex-FBI Director James Comey to terminate an investigation into the actions of ex-National Security Advisor Mike Flynn.
The given political saga out of Washington applied pressure on the greenback that underpinned a soar in commodities across the board.
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!