Gold futures rose in today’s trading, with the dollar stabilizing in light of the Independence Day holiday in the US market ahead of a week full of important data.
This week, investors are waiting for the release of the minutes of the Federal Reserve meeting on Wednesday, looking for monetary policymakers’ views on economic conditions and expectations of interest rate hikes at upcoming meetings.
The US June jobs report is also due on Friday, with expectations that the nonfarm economy will add about 263,000 jobs, down from the 390,000 jobs that were registered in May, with the unemployment rate set at 3.6 %. , near its lowest level in half a century.
Gold futures for August delivery rose 0.41% to $1,808.90 an ounce at 11:36 am, while spot price for delivery fell 0.13% to $1,807.10 an ounce.
Silver futures for September delivery rose 0.45% to $19.75 an ounce, platinum for immediate delivery fell 1.05% to $879.92 and palladium fell 1.05% to $1937.38.
Source: El Iktisad
