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).
January 2 – 5: gold outlook
On Friday in the final trading day of 2017 a weaker US currency underpinned gold, letting this precious commodity reach a three-month maximum back above $1,300.
February delivery gold futures gained 0.61% being worth $1,305.10 in New York, demonstrating the highest close since September.
The number one precious metal has managed to earn 14% for the year, which is the largest yearly percentage profit since 2010.
Recent weakness in the US currency has underpinned gold by making the dollar-denominated precious metal more affordable for holders of other currencies.
On Friday, the US currency dived to its lowest value for more than three months versus a basket of the other crucial currencies and also reported its largest annual percentage sink since 2003.
Additionally on Friday, silver hit $16.98 a troy ounce, concluding 2017 with a 6 revenue%.
Palladium reported the strongest leap among precious metals of 2017, gaining 57% amid worries over the supply outlook.
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?
Saudi Arabia agreed to cut oil production. What will happen with the oil price now?
The situation on the labor market still looks optimistic. Today we expect the Unemployment rate data. 3.5% is expected.
The first day of June should’ve brought us the US default. Unsurprisingly, the US House passes the debt ceiling bill at the latest possible moment.