If you are thinking of buying gold this week, you must know the expected economic events that contribute to shaping the movement of precious metal prices this week, which directly affect the volume of global trading, and then the rise or fall of gold.
There are 6 economic events that may affect the movement of gold, as the Chinese trade balance is scheduled for Monday, June 7, the announcement of the leading indicators in Japan, and the GDP in Japan
On Tuesday, June 8, the precious metals market awaits the announcement of the revised reading of the GDP in the euro area, the Canadian trade balance, the trade balance in the United States, vacancies and labor turnover in the United States
Gold saw big volatility last week thanks to sharp moves in the US dollar, as the yellow metal rose on Friday as the dollar fell in light of the US non-farm payroll data that came in below expectations. The precious metal is currently trading above last week's low with stability, and if it manages to stay above the simple moving averages, the bullish trend is likely to continue, and if the psychological level of 1,900 is exceeded, the six-month high at $1,916 an ounce can be retested.
Globally, gold records 1890 dollars, according to the market closing price late on Friday, and the price of gold in Egypt is 811 pounds per gram of 21 karat, which is the most traded in Egypt.
Comments
Post a Comment