Unemployment data and gold movements released by Investing.com

Written by Gina Lee

Investing.com – It was down in Asian trading Thursday morning, with a rally after hinting at 2021 in the minutes of its last meeting.

Update

It was released a few moments ago in the United States and it turned out to be positive, as it registered 348,000 job applications, down 29,000 jobs from forecast, or 365,000 applications. job this week. This brings the four-week average of requests for assistance to 377.75 thousand. The positivity of these data supports the recovery of the American economic market.

It was also released and turned negative, as he scored 19.4 points, while the estimate was supposed to score 23 points. Thus, the Philadelphia manufacturing index was below expectations for the second consecutive month.

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At such times, it is registering $ 1,738 per ounce, down 0.30%, while recording $ 1,790 per ounce, slightly above the last closing price.

In contrast, it recorded 93.36, up 0.24%, supported by what was reported in the Fed minutes yesterday and indicated members’ tendency to tighten monetary policy before the end of this year. .

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It was also down 0.25% to $ 1,780 at 12:49 am ET (4:49 am GMT) and is expected to experience its largest single-day percentage decline since August 9. He’s passed the nine-month peak.

The minutes of the Federal Reserve’s July meeting, which were released on Wednesday, also indicate that officials are considering the possibility of starting an asset pullback in 2021 provided the economic recovery remains as expected. Gold is expected in addition to the show.

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Meanwhile, Bank Indonesia will release its policy decision later today. “Investors are now waiting for the Federal Reserve, scheduled for August 26-28, where investor speculation about the Fed’s shrinking assets, and what will be said about it at the symposium, will determine movement across the pair.” , said Kyle Rhoda, analyst. at IG Market. the next two. “

While other investors have remained cautious. Avtar Sandu, senior director of commodities at Philip Futures, said in a note that gold “still fails to recover the key $ 1,800 level which will be a prerequisite for the yellow metal to regain some bullish sparkle. “.

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As for other precious metals, it fell by 1.6% and platinum by 0.8%. And it fell 0.3% to $ 2,418.86, after hitting its lowest level since March 16.