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Gold prices fell on Friday after the US jobs report

2018-07-06 01:40 pm | Resource: NEWS | No Views : 176

Gold prices fell on Friday, following the release of the US jobs report, as investors awaited the outcome of the US-US trade war.

Where today is the first working days of the new tariffs, on Chinese imports. And that China is expected to respond to its own duties on US goods.

Also yesterday, the Federal Reserve's meeting minutes were released. The US Central Bank indicated the possibility of raising interest rates for four times this year. He pointed out that the current interest rate hike cycle is sufficiently advanced that the cycle no longer promotes or restricts economic growth.

The dollar index fell 0.18% on Friday, resuming losses in US jobs data, as US employment rose more-than-expected in June, according to a Labor Department report on Friday.

Non-farm payrolls jumped 213,000 jobs in June after rising 244,000 jobs in May, the report said

On Friday, gold prices fell 0.14% to reach $ 1257, after hitting a high of $ 1259 and a low of $ 1252 compared to opening at $ 1258.

Looking at silver, it lost 0.35% to $ 16.00, after hitting a high of $ 16.14 and a low of $ 16.00.

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OIL Technical analysis 15 November 2018

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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