Gold without change and interest on US jobs data
2018-07-05 10:13 am | Resource: NEWS | No Views : 188
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.
Time frame Used - four hours Oil is moving in a bearish direction in the near term. Oil is still under selling pressure, as it has not been able to test the resistance level 57.88 to face oil selling pressure around the level of 57.37 to fall back down again. In view of the technical indicators Both the RSI and the Stochastic are indicating the arrival of indicators to the…
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