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Gold without change and interest on US jobs data

2018-07-05 10:13 am | Resource: NEWS | No Views : 140

Gold futures traded on Thursday as investors awaited the latest US ,US trade war as investors watched US jobs data and the Federal Open Market Committee meeting on June 12-13

The dollar index fell by 0.09% on Thursday, resuming losses as markets awaited US tariffs on Chinese imports on July 6. And that China is expected to respond to its own duties on US goods.

It is worth noting that the Federal Open Market Committee (FOMC) indicated last month that monetary policy tightening will continue and that interest rates will rise four times this year.

Markets are eyeing the change in private sector jobs, which is expected to accelerate job creation by 190,000 jobs from 178,000 in May.

Gold prices last week lost 1.4%, hitting a third consecutive weekly loss, and prices fell 5.5% in the second quarter of this year

Gold prices edged down by 0.06% to reach $ 1252, after hitting a high of $ 1259 and a low of $ 1252, compared to the opening at $ 1258.

Looking at silver, it lost 0.27% to $ 16.00, after hitting a high of $ 16.14 and a low of $ 16.00.

Other analysis

OIL Technical analysis 21 September 2018

Time frame Used - four hours Oil is moving in a sideway  direction in the near term The bears managed to control the oil movement to retreat lower as oil faced resistance and selling pressure around the 71.44 level   In view of the technical indicators Both the RSI and the Stochastic are indicating to decline of the indicators Accordingly, we expect that the oil will drop to level of …

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