Transcription of Satco Commodities Pvt Ltd.
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Satco Commodities Pvt Ltd.
Spot gold XAU= dipped percent at $1, per ounce by 0052 GMT. Gold is on track to register its fifth straight weekly decline, and was currently down about percent for this week. private employers increased hiring in May and new applications for jobless benefits fell last week, further boosting the economic outlook for the second quarter. Another report on Thursday showed planned layoffs by employers fell 53 percent to a five-month low last month. The steady stream of upbeat data suggest the economy is regaining momentum after growth slowed sharply at the start of the year, which could allow the Federal Reserve to raise interest rates later this month or in July. Dallas Fed President Robert Kaplan on Thursday reiterated his view that the central bank should raise interest rates soon because the economy is getting "pretty darn close" to full employment and inflation is starting to rise.
Time Country Event Forecast Previous 2:00pm GBP Services PMI 52.5 52.3 2:30pm EUR Retail Sales m/m 0.40% -0.50% 6:00pm CAD Trade Balance -2.5B -3.4B
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