© Reuters
Investing.com – Gold’s losses widened after the open, as its futures contracts fell $23, down 1.23%, while spot contracts for gold fell 1.27 %, registering $1831.16 an ounce, while the dollar index rose, on the other hand, by 0.87%, to register 104,920, and the 105 vote is directed at a basket of foreign currencies.
Silver is down in today’s trading, losing 2.74% of its value, trading at $23,310 an ounce, while oil has regained some of what it lost in yesterday’s trading as crude oil contracts are now up 1.29% to trade at $73.78 a barrel, while Brent Oil is up 0.89% to trade at $78.35 a barrel.
As for the US market indices, they are all down more than a full point. It fell 1.31%, registering 10,322.28 points, and the Dow Jones index fell 1.25% and the S&P 500 index fell 1.21%.
Important data
US initial employment data was released moments ago and the expected data came in a state of anticipation for the state of the labor market, after the Federal Reserve forecast a rise in unemployment and a decline in the labor market this year.
ADP data recorded that the US market added 235,000 jobs, while experts had expected an increase of only 150,000 jobs, which is a positive indicator of the state of America’s job market, and some see it as a key employment data indicator.
Unemployment data was released and came in better than expected as the economy received 204,000 jobless claims, while experts had expected the number to reach 225,000 jobless claims.
Markets ahead of unemployment data
It is now rising 0.35%, to register 104.395 against a basket of foreign currencies. While it fell by 0.55%, registering 1849.4 dollars an ounce, in a negative correction after yesterday’s sharp rise.
As for futures contracts for US markets, they have seen quiet trading so far, and futures contracts for the S&P 500 saw a marginal move, settling in at 3871.50 points, while futures contracts for the Dow Jones recorded 33365, down 0.15% and Nasdaq futures contracts settled at 10998.25 points.
As for silver, it fell 1.62% to $23.58 an ounce.
And it saw a positive correction after yesterday’s sharp 5% drop, as crude and oil contracts rose 1.9%, taking their prices to $74.33 a barrel and $79.39 a barrel, respectively. barrel.
Markets after data
The dollar index continued to climb 0.62% to register 104.665 against a basket of foreign currencies, while gold’s losses reached a full point, registering $1838.85 an ounce, and spot contracts Gold fell 1.09% to $1834.33 an ounce. On oil, its morning profits fell 1.94% to add 0.41% for crude to $73.12 a barrel after losing 5% in yesterday’s trading on fears of a changed doomsday and renewed shutdown in China.
As for it, it fell 2.09% to $23.468 an ounce.
US index futures entered a bearish mood, with futures contracts down more than 0.70% for both the Nasdaq and the S&P 500.
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