Gold futures fell as investors await release of US non-farm payrolls

Investors eyeing the release of US non-farm payrolls.

Investors are expecting the U.S. Department of Labor to release the latest non-farm payroll numbers. This comes ahead of the Federal Reserve’s (Fed) annual meeting.
Analysts predicted that nonfarm payrolls would rise above 926,000 in July.
If the employment numbers turn out well, this is a very strong signal for the direction of interest rates.
This is also a factor encouraging the Fed to reduce its quantitative easing (QE) bond purchases.

The upcoming annual meeting is a much anticipated meeting. Central bankers, academics, and financial experts from around the world will attend the meeting. The focus will be on the Fed Chair, a vision of the Fed’s monetary policy, and the U.S. economic outlook.

Source: https://www.bangkokbiznews.com/news

The Spot Market is Open

Metals

Updated at
USD

Bid/Ask
Ounce

Change
 

Low/High
Gold
08.20
1811.50
1812.50
-0.10
-0.01%
1808.90
1813.50  
Silver
08.20
25.37
25.47
0.00
0.00%
25.31
25.50  
Platinum
08.20
1007.00
1017.00
-10.00    -0.98%1000.00
1028.00  
Palladium
08.05
2582.00
2732.00
-2.00  
-0.08%
2578.00
2734.00  
Rhodium
05.00
18150.00
20150.00
0.00
0.00%
18150.00 20150.00  

Source: https://www.kitco.com/

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