Important US data moves the market By Investing.com

Written by Gina Lee

Investing.com – It rose in Asian trading Thursday morning to its highest level in over a week. He did not provide a timeline for his multi-level plans in his latest policy decision, adding that he was “far away” from considering a rate hike.

It also rose 0.81% to $ 1,814.20 at 12:16 am ET (4:16 GMT), after hitting its highest level since July 20 at 1,817.35 earlier. While it fell, which generally moves in the opposite direction with gold, Thursday after hitting its lowest level in two weeks in the previous session.

The Federal Reserve released its decision on Wednesday, putting asset reduction on the agenda for the two-day FOMC meeting that preceded it.

However, Jerome Powell, that the US job market still has a way to go before the Federal Reserve begins to reduce its assets, although he has not given a specific timeframe. He also downplayed the threat that the continued spread of COVID-19 and its delta variant globally poses to the United States’ economic recovery.

In the Asia-Pacific region, the Reserve Bank of Australia is expected to delay its planned asset reduction as it delivers its policy decision the following week. The Reserve Bank of Australia had planned to start phasing out its assets in September, with a review to follow a few months later. The central bank delay comes four weeks after the plans were announced in the RBA’s latest policy decision, with an extended stop in Sydney expected to negatively impact the economic recovery.

On the COVID-19 front, the Centers for Disease Control and Prevention said on Wednesday that 66.6% of U.S. counties have COVID-19 transmission rates high enough to warrant resuming mask-wearing policies in the United States. interior.

As for other precious metals, it increased by 0.9% by 0.6% and platinum by 0.8%.

Update

It appeared at those times and turned negative as it registered 400,000 jobless claims, while it was supposed to register 380,000, and the previous statement recorded an increase in unemployment rates which reached 419,000 claimants. .

He also appeared and scored 6.5% in fact and the estimate was supposed to mark 8.5% which is significantly lower than the official estimate.

walk now

And at those times it is registering $ 1,826.24 an ounce, up 1.09%, and gold has started going up since yesterday after the release and it’s not yet time to tighten monetary policies.

In those times, it recorded 91,965, down 0.352 of 0.38%, while the measure of the dollar’s strength against a basket of six foreign currencies recorded 92.03, down 0.32 %.