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 risk trade relives
On Monday, gold edged down in Asia because risk trade relieved and market participants waited for more insight on American tax cut plans as well as related Fed policy.
December delivery gold futures dived 0.33% being worth $1,292.1841 in New York.
Meanwhile, copper futures went down 0.36% trading at $3.057 a pound.
The industrial metal has rebounded approximately 6% from the three-year maximums reached in late October, amid worries as for demand from China, the world’s number one consumer. For the year copper has gained more than 20%.
Additionally, China informed that home prices in key country’s cities were still steady as leaps and dips slowed tempo in October amid severe government controls.
Besides this, traders will pay attention to Wednesday’s Fed gathering minutes for new clues on the probable trajectory of monetary policy.
American data on durable goods orders will be monitored too in this holiday-shortened week.
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.