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 slides in Asia on diving India’s physical support
On Friday, gold slumped in Asia. It’s because support from physical demand during the festive season in India didn’t manage to back market sentiment.
December delivery gold futures dived 0.31% in New York being worth $1.286.01 a troy ounce.
Market participants will also monitor the upcoming election in Japan.
Overnight, gold edged up because a jump in political uncertainty in Spain put pressure on risk sentiment. Meanwhile, everlasting dollar weakness contributed to upside momentum in the number one precious commodity.
Also backing demand for gold was a dive in the evergreen buck amid a decline in treasury yields notwithstanding data indicating underlying strength in the American economy.
On Thursday, the Philadelphia Fed told that in September its manufacturing index inched up to 27.9, from 23.8, thus confounding experts’ forecast of an outcome of 22.
On Thursday, the US Department of Labor informed that initial jobless claims slumped 22,000 to a seasonally adjusted 222,000 by October 13.
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.