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On Tuesday, Norwegian offshore workers began a strike that will reduce oil and gas output, the union leading the industrial action told Reuters.
Over the week-end, Fed Governor Christopher Wallers became the latest U.S. central banker to pledge a whatever-it-takes approach to fight inflation.
This week’s choppy trade suggests that many of the major players are on the sidelines ahead of Friday’s U.S. Consumer Price Index (CPI) report.
Add to Bookmarks Gold futures finished higher on Wednesday despite a stronger U.S. Dollar. Lower Treasury yields may have provided some support. The choppy price action may have been fueled by position-squaring ahead of Friday’s U.S. Non-Farm Payrolls report. A strong jobs report could confirm the Fed’s hawkish tone in its last policy statement, which would weigh on gold prices. At 20:52 GMT, August Comex gold is trading $1770.10, up $6.50 or +0.37%. Advertisement Start Trading Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can af...