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 surges a bit in Asia after fresh NKorea missile launch
On Wednesday, gold didn’t manage to grow a lot in Asia following a fresh ballistic missile test by North Korea.
In New York, December delivery gold futures added no more than 0.02% showing an outcome of $1,293.60 per troy ounce.
Overnight, the number one precious commodity pared its revenues because reports informing that North Korea launched another ballistic missile failed to underpin safe haven demand.
Early on Wednesday North Korea dared to launch another ballistic missile from an area near Pyongyang, as South Korea’s military told, while the Japanese authorities stressed the missile fell in Japan’s exclusive economic zone.
As the Pentagon told, it was an ICBM. Japan PM Shinzo Abe called an emergency meeting of cabinet ministers over the missile test.
Besides this, gold was also underpinned by remarks from Fed Chair designate Jerome Powell. His comments were in line with the widely held view that the upcoming Fed Governor is going to adopt a similar stance to Janet Yellen on the US monetary policy.
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.