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 on China dismal industrial and retail data
On Tuesday, gold headed south in Asia, with market sentiment mixed after weaker than anticipated retail sales as well as industrial output in China.
December delivery gold futures sank 0.13% in New York showing $1277.26 a troy ounce.
In China, fixed-asset investment managed to soar 7.3%, which is a bit weaker than the 7.4% leap observed in October on year. Additionally, industrial output ascended 6.2%, missing the 6.3% jump observed, retail sales added 10% versus a 10.4% revenue expected.
Overnight, gold rallied amid a jump in safe-haven demand because investor uncertainty over the outcome of tax reform kept unrolling, while a dip in sterling backed the greenback that capped revenues in the number one precious metal.
Safe-haven demand was also underpinned by reports that UK Prime Minister Theresa's Conservative party had decided to sign a letter of no-confidence in her because some members really doubted Mrs. May ability to lead Great Britain into a successful Brexit.
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.