US Jobs Report Likely to Inform Inflation Narrative – GoldSilverReports
- US jobs report likely to inform inflation narrative, US Dollar and Gold price.
- If the labor market is strong, the Federal Reserve could plough ahead with larger rate hikes.
- Gold price could continue south if a strong result solidifies expectations of a 0.5% rate hike in March.
Gold price has been in a downward spiral since the start of February, and with the next major release for the commodity likely to be the US Bureau of Labor Statistics US jobs report for February, scheduled for release on Friday, March 10, traders may be wondering whether this will continue.
Silicon Valley Bank Collapse Is The Biggest Failure Since 2008
Silicon Valley Bank collapsed into Federal Deposit Insurance Corp. receivership on Friday, after its long-established customer base of tech startups grew worried and yanked deposits.
Happy Holi 2023: Holi is an Appropriate Time to Live the Beautiful Moments of Life Together
- Happy Holi 2023: Holi is an Appropriate Time to Live the Beautiful Moments of Life Together.
On the occasion of Holi, forgetting all kinds of enmity, we present the message of mutual love to the world. Such a belief has been expressed that by applying holy gulal on the occasion of Holi, enemies leave enmity and become friends.
Gold To Remain Under Pressure While Under $1,807
Gold price accelerated to the downside following the release of Fed Chair Powell’s remarks. gold price (Yellow Metal) bottomed at $1,815.53, the lowest level in a week. It is falling almost $30 on Tuesday, the worst day in a month.
Government Plans to Make Hallmarking of Gold Bullion Mandatory
- India is the world’s largest consumer and importer of gold. The country imports about 700-800 tonnes of gold annually.
- MCX Weekly Forecast: 06 To 10 March 2023 By Neal Bhai Research Report
- Gold Should you buy or wait for next sell off?
- MCX Gold Major Support 54700 | Spot Gold Support $1777
- Gold is Trapped Between Hourly Support and Resistance
- Fed’s Powell is the next major catalyst ahead of Nonfarm Payrolls
After gold jewellery, the government plans to make hallmarking of gold bullion mandatory and is ready with the draft guidelines, Bureau of Indian Standard (BIS) Director General Pramod Kumar Tiwari said on Monday.
Fed’s Powell is the next major catalyst ahead of Nonfarm Payrolls
Recent comments by Fed officials have reiterated the need to continue hiking rates until they reach at least 5% and a slew of data has pointed in that direction in general. ”Several regional Fed presidents have indicated openness to higher interest rates and larger increases if the data remain strong. It would mark a shift in the Fed’s guidance if Powell articulates similar sentiments at tomorrow’s testimony and a step back from the cautious policy around rates,”.