In focus today In the US, the June JOLTs report will be in the spotlight. Job openings have increased modestly this year, which has historically predicted rising wage cost pressures ahead. June trade balance data will also be released in the afternoon and the preliminary reading pointed towards a stable trade deficit from May. The […]
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Citi believes that gold’s consolidation will end with a rise towards $4,500 per ounce. The precious metal managed to find a bottom thanks to strong Chinese demand and the uncertainty surrounding the Fed. The US Read more…
Japan’s Economy Minister Minoru Kiuchi struck a more measured tone on inflation than the Bank of Japan, suggesting the recent surge in energy prices has yet to generate broad-based consumer price pressures. Speaking at a Read more…