World Market News of the 2 September with FXOpen #gold #xauusd #stockmarket #stoxx600 #usdchf #fed
☑️ GOLD SLIPS ON FIRM DOLLAR; MARKET FOCUS TURNS TO U.S. JOBS DATA
Gold prices dipped on Monday as the dollar strengthened, while investors awaited key U.S. jobs data to firm their bets on the size of Federal Reserve’s interest rate cut expected this month.
Spot gold was down 0.3% at $2, per ounce, as of 0330 GMT. U.S. gold futures held steady at $2,.
The dollar hit a near two-week peak, making greenback-priced bullion less appealing to other currency holders.
Source: Reuters
☑️ EUROPEAN MARKETS OPEN LOWER AS FIRST TRADING DAY OF SEPTEMBER KICKS OFF
The pan-European Stoxx 600 was last down by 0.1% at 8:05 a.m. London time, with most regional bourses and sectors pulling back. Mining stocks were last % lower.
Shares in Rightmove surged 24% after Australian rival REA Group considered a bid for the UK-based platform.
Regional markets closed higher last Friday as investors weighed global inflation data and growing expectations of U.S.
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