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 stands still as RBA holds steady as expected
On Tuesday, gold jumped, with traders holding positions ahead of the British election on Thursday as well as testimony to Congress by the sacked FBI chief, which could potentially affect the Trump administration's further plans for economic reforms.
August delivery gold futures added 0.35% in New York, showing $1,287.16 a troy ounce.
Japan posted that in April average cash earnings earned 0.5%, compared with a 0.3% revenue observed year-on-year.
Overnight, gold drifted away from six-week peaks because safe-haven demand declined notwithstanding renewed geopolitical tensions as well as a bunch of risk events later during the week, which could generate turmoil in markets.
Gold reached a six-week peak during earlier trade, following new geopolitical tensions in the Middle East after Egypt, Saudi Arabia, Bahrain as well as the United Arab Emirates dared to accuse Qatar of terrorism. All of them snapped diplomatic and other ties with Qatar.
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?
About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.
Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!
The US dollar index breaks one resistance after another. Read the report to learn the next target for the US dollar index!