U.S. employers added the fewest workers in three months and wage gains cooled, suggesting broader economic weakness and boosting expectations for a Federal Reserve interest-rate cut as President Donald Trump’s trade policies weigh on growth.
Gold Silver Reports (GSR) – While latest comments from the US Treasury Secretary triggered some risk-off during late-Wednesday, activating the yellow metal’s pullback, Gold prices remain mostly flat around $1408 amid Thursday morning in Asia.
Gold Silver Reports (GSR) – Gold Spot prices touched highs near $1,349 an ounce after a report early Wednesday on private-sector employment for May from payroll processor ADP said employers hired 27,000 people in the month — marking the lowest growth since March of 2010.
Gold Silver Reports (GSR) – US Gold Major support to be watched – $1290. Any break below targets $1286/$1283.it should break below $1275 for minor weakness.Major trend reversal only below $1266.Below that level targets $1250.
Gold prices rose alongside other safe-haven assets on Wednesday as the trade rift between the United States and China showed no sign of cooling, with investors fearing a global economic slowdown.
Gold Silver Reports (GSR) – Gold price could once again move lower as U.S. dollar continues to march higher. Moreover, we expect the current geopolitical tensions to diffuse on several fronts