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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.
United States Bureau of Labor Statistics will release monthly average hourly earnings, non-farm employment change (NFP), and unemployment rate on October 8, 15:30 GMT+3.
What will happen? Crude oil inventories will be announced at 17:30 MT (GMT+3) on Wednesday, September 29…
What will happen? The Organization of the Petroleum Exporting Countries and 10 additional oil-exporting countries, including Russia, will hold a videoconference on July 1…
Last week was full of surprises! Stock indices have shown significant growth…
The US dollar is heading to close the seventh day in the red as it remains under selling pressure. The US data at 15:30 GMT+3 (jobless claims and Philly Fed Manufacturing Index) may support the greenback if it's strong.
Canada will publish the Retail Sales and Core Retail Sales on October 22, at 15:30 MT time (GMT+3).
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