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 moderately declines in Asia
On Monday, gold slumped in Asia because Donald Trump's first foreign visits as president were in focus with several deals signed in Saudi Arabia in the first stop. Additionally, traders neglected the latest missile test by North Korea.
June delivery gold futures tumbled 0.05%, trading at 1,252.99 a troy ounce. As for copper futures, they went down 0.62% a pound, hitting $2.571 a pound.
In the week ahead, market participants will be paying attention to Wednesday’s Federal Reserve gathering minutes for new signs as for the possible timing of the next American rate lift. Additionally, revised data on American first quarter surge as well as private sector poll data out of the euro zone will be in focus too.
In Canada, financial markets will be unavailable for a holiday.
The previous week, gold prices ascended on Friday and marked the greatest weekly revenue since mid-April. It’s because political uncertainty as for the Trump administration brought the greenback down, spurring demand for the number one precious metal.
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?
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.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.