Gold futures ended Monday (Feb 28) up $13.10 as investors flocked to gold as a safe haven. Amid concerns about the Ukrainian crisis
Gold futures ended Monday (Feb 28) up $13.10 as investors flocked to gold as a safe haven. Amid concerns about the Ukrainian crisis
In addition, gold prices have been positive factors from the fall in US Treasury yields. This reduces the opportunity cost of holding gold. Because gold is an asset that does not return in the form of interest.
Comex gold contract Delivered in April It rebounded $13.10 to close at $1,900.70 an ounce.
Investors have been eyeing direct talks between the Russian and Ukrainian delegations to resolve the conflict between the two countries. Negotiations have now begun in the Belarusian Gomel region. which is on the border of Belarus and Ukraine near the Pripyat River
Ukrainian Presidential Palace previously announced that The essence of the negotiations will be about an immediate ceasefire agreement. and the withdrawal of Russian troops from Ukraine
Investors are also interested in President Joe’s annual State of the Union policy statement. Biden to Congress tomorrow (March 1) at 9 p.m. US time. or falls on Wednesday morning (March 2) at 9:00 a.m. Thai time
It is expected that President Biden’s speech to Congress this time. It was his first annual policy statement to the Senate and the U.S. House of Representatives. will gain attention all over the world amid the crisis in Ukraine It will be televised to US residents across the country. CNN will also broadcast live around the world.
Meanwhile, Federal Reserve Chairman Jerome Powell is due to deliver his semiannual statement on monetary policy and economic conditions to Congress on March 2-3, possibly expressing his opinion. on monetary policy to the public for the last time before the Fed starts raising interest rates at its March 15-16 meeting.
Powell will address the House Financial Services Committee on March 2 and the Senate Banking Committee on March 3. Both dates will begin. Up at 10:00 a.m. US time or 10:00 p.m. Thai time
The monetary policy statement will indicate the direction of US interest rates this year. Amid inflation, its highest spike in 40 years and signaling whether the crisis in Ukraine will affect the Fed’s monetary policy. After some Fed officials said The Fed will bring the impact of the conflict in Ukraine as a factor in its monetary policy considerations.
The US Department of Labor will release the number of nonfarm payrolls for February on Friday. While analysts predicted that The number of jobs will increase by 415,000 in the month.
Earlier, the US Department of Labor said Non-farm payrolls rose 467,000 in January. The unemployment rate rose to 4.0%, above analysts’ forecast of 3.9 percent.
The US Department of Labor has also adjusted the number of jobs in November. increased to 647,000 from the previously reported increase of 249,000 and adjusted the number of jobs in December This was an increase of 510,000 positions, from a previously reported 199,000 increase.