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PRECIOUS-Gold slides over 2% as strong U.S. data bolsters Fed taper bets

U.S. service sector index at record high in May
ADP data suggests similar bounce in nonfarm payrolls -analyst (Updates prices)
June 3 (Reuters) - Gold slid as much as 2.3% on Thursday as better-than-expected U.S. employment and service sector data propelled the dollar higher and boosted expectations that the strong economic readings may reignite taper talk from the Federal Reserve.
Bullion’s retreat also spilled into other precious metals, with silver slipping as much as 4.3% and platinum shedding 3.7%.
Spot gold was down 1.9% at $1,871.91 per ounce by 1:43 p.m. EDT (1743 GMT), after falling to its lowest level since May 20 at $1,864.39. U.S. gold futures settled down 1.9% at $1,873.30. ....

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FOREX-Dollar climbs ahead of U.S. jobs data

LONDON, June 3 (Reuters) - The U.S. dollar rose on Thursday as traders waited for a batch of U.S. economic data that could set the tone at central bank meetings later this month.
Investors have bet on the dollar falling as the world recovers from the COVID-19 pandemic, but they have lately grown nervous over whether a surprisingly strong U.S. economic rebound poses a threat to the assumption that interest rates will stay low for a long time.
The mood has kept speculators from adding much to short positions in recent weeks and has put the brakes on what a month ago seemed like a relentless downtrend. ....

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Welcome To IANS Live - INTERNATIONAL - US sending Covid vaccines to India, Harris tells Modi (Ld)

Photo Credit: IANS
IANSLive
New York, June 4 (IANS) US Vice President Kamala Harris has told Prime Minister Narendra Modi that the US will be sending Covid-19 vaccines to India, following which Modi thanked her for the support from the US government and the Indian diaspora, in what was likely their first interaction.

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GLOBAL MARKETS-Stocks wobble on inflation concerns ahead of U.S. payrolls

Oil prices dip after recent gains
Currencies moves limited to tight ranges
LONDON, June 3 (Reuters) - World stocks stepped back from record highs on Thursday as investors weighed inflation concerns ahead of key U.S. economic data, while oil prices rose for a third straight session.
Market sentiment was cagey as investors backed away from big bets before the release on Friday of U.S. jobs data, which should offer further clarity on whether the faster-than-expected pace of economic recovery can be sustained and what that might mean for monetary policy.
In Europe, the broad Euro STOXX index was 0.6% down, drifting away from record highs scaled on Tuesday, with Britain’s FTSE 100 slipping 1%, while Germany’s DAX and the French CAC 40 were both down 0.6%. ....

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Welcome To IANS Live - BUSINESS - DoT invites applications for telecom equipment PLI from June 4

DoT announced the operational guidelines for the scheme and said that the application window will be open up to July 3.As p ....

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