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© Reuters.
Investing.com – This week, precious metal traders will follow the evolution of the US dollar, an important factor for gold, before the US government employment report released on Friday for the month of March, after the US Federal Reserve seemed to exclude the possibility of a rate. hikes this year.
Investors will also receive an update on retail sales and manufacturing activity in the US after the US bond market triggered a recession warning when 10-year Treasury yields fell below the US bond yields. Treasure at three months for the first time since 2007 earlier this month.
High-level trade talks between the United States and China will also remain the focus of talks, with Chinese Vice Premier Liu He traveling to Washington to meet with US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin.
The Brexit also has securities to watch, fearing that no withdrawal agreement will be reached before the April 12 deadline.
finished higher on Friday, as the dollar eased off the tepid US economic data, a day after posting the largest percentage drop in a single session since August 13.
"The dollar is backing up a bit," said Josh Graves, Senior Commodity Strategist at RJO Futures in Chicago. "Personal spending has declined, so investors are looking to put money into safer assets, such as gold."
Consumer spending in the United States rebounded less than expected in January, and revenue edged up in February, adding to worries about the slowdown in global growth that also affected the world's largest economy.
Prudent signals from the US Federal Reserve and the European Central Bank have also been preserved.
Gold, however, was still tied to a second consecutive monthly decline, losing about 1.4% – its biggest drop since August – dampened by the recent strength of the dollar.
The yellow metal had decreased by about 1.5% on Thursday.
Elsewhere in the metals trading, it was $ 15,098 troy ounce Friday night but still finished the week down 1.93% to $ 2.932, up 2.07 % for the day, for a weekly gain of 0.78%.
Investing.com has listed a number of important events that could affect the markets.
Monday April 1st
China will release its manufacturing PMI Caixin.
The United Kingdom must publish data on the activity of its manufacturing sector.
The euro area must publish preliminary data on inflation.
The United States must report on retail sales and the Institute of Supply Management must publish its manufacturing index.
Bank of Canada Governor Stephen Poloz will speak.
Tuesday April 2nd
Australia must publish data on building approvals.
The Reserve Bank of Australia is to announce its key rate and issue a rate statement setting out the economic conditions and factors affecting the monetary policy decision.
The United Kingdom must publish data on the activity of the construction sector.
The United States must report on orders for durable goods.
Wednesday, April 3
Australia must publish data on retail sales and trade.
China will publish its services PMI Caixin.
The United Kingdom should publish data on the activity of the service sector.
The United States must publish the non-farm ASD payroll report and the non-manufacturing ISM index.
Thursday April 4th
Germany must publish data on factory orders.
The European Central Bank must publish the minutes of its last monetary policy meeting.
Friday April 5th
Financial markets in China will be closed for holidays.
In the euro area, Germany has to report on industrial production.
Canada must publish its monthly report on employment.
The United States must finish the week with the government's report on non-farm employment for the month of March.
– Reuters contributed to this report
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