DJIA26134.47
LIVE248.46(0.96%)
NDX7719.32
LIVE115.21(1.52%)

Gold Heads for Weekly Decline Ahead of U.S. Jobs Data


Friday, 3 May 2019 16:12 WIB

GOLDEMAS Spot EmasSILVER


c_740_198_16777215_00_images_assets_GOLD3_GOLD_FXPIG_FOREX.jpg

Gold headed for the fifth weekly drop in six after Federal Reserve Chairman Jerome Powell's comments Wednesday had traders trimming bets on an interest rate cut this year. Investors' focus is now on Friday's U.S. payrolls data release and U.S.-China trade talk developments.

Powell downplayed a recent slide in U.S. inflation, saying that "transitory" factors may be dragging it down. Friday's jobs report is expected to show a tight labor market that’s pressuring firms to keep boosting wages.

Spot gold +0.1% at $1,272.25/oz at 7:11am in London; -1.1% this week. Meanwhile, Spot silver -3% this week, trades near Dec. low, Platinum -5.4% this week, Palladium -7.5% this week, most since end-March.

Source : Bloomberg


RELATED NEWS

POPULAR NEWS

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.