Investors will have a busy week this week with closely watched U.S. jobs data due out on Friday and the Federal Reserve’s latest rate setting meeting two days earlier, where it will probably flag up its third rate hike this year in September.
Gold fell to a 1-week low overnight on friday before recovering to open the day at 1218.75/1219.75. After the open, the metal climbed on buying interest to a high of 1226.75/1227.75 as U.S. equities (S&P) fell and
GBPUSD (1.3044) • UK government borrowing was a little higher than market expected in Jun (GBP5.4bn) but the Apr-Jun data overall reflected the lowest net borrowing to start the fiscal year since 2007 as healthy jobs lifted receipts and government spendin
This week, investors will have a chance to see how the U.S. economy performed in the second quarter. Friday’s GDP report is expected to show that the economy rebounded in the three months to June, boosted by an increase in consumer spending.