According to the experts, Gold market will focus on Non-Farm Payrolls Data in next days which will be announced from the USA. During the first week of the new year, the markets will focus on non-farm employment, average hourly earnings and unemployment rates to be announced on Friday from the United States. When we look at the week in general, Caixin manufacturing PMI and service PMI data from the private sector, one of the leading indicators of China's future growth, can provide insight into the global demand while signaling global growth. In this context, volatility may increase in gold prices.175 thousand of non-agricultural employment is expected to come. The data for the previous month was 178 thousand. If the price of gold over 175 thousand could lower gold prices, or keep gold below expectations, gold prices might accelerate.
- Date: 04 January 2017 Wed 08:52
- Last Added
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