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 sags in Asia as greenback tacks on
On Tuesday, gold went down in Asia because market participants kept monitoring political risk in the Middle East simultaneously staying away from new buying as the greenback rebounded regionally.
December delivery gold futures sank 0.17% being worth $1,279.44 a troy ounce. As for copper futures, they slumped 0.16% trading at $3.154 a pound.
Meanwhile, the US dollar index rallied 0.06% hitting 94.68 having dropped steeply overnight.
Overnight, the most popular precious metal traded steeply higher because political uncertainty in the Middle East powered safe-haven demand.
Gold managed to make rather a strong start to the trading week because traders piled into the precious commodity amid soaring political uncertainty in the Middle East right after Saudi Crown Prince Mohammed bin Salman dared to lead an anti-corruption drive resulting in a series of arrests of well-known Saudi Arabians.
A retreat in the evergreen buck also backed a move higher in gold because investor concerns over the leadership of the Fed surged after the Federal Reserve Bank of New York officially confirmed that William Dudley was on the way to retire earlier than previously planned.
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.