Economic Catalysts Impacting Gold Prices: March 4-8, 2024
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| Gold news March 2024 |
Let's delve into the key news and announcements that traders and investors should keep a keen eye on during this period.
Cost of Gold Today
| Live Gold Price | Gold Spot Price Today |
|---|---|
| Gold Price per Gram | $65.26 |
| Gold Price per Kilo | $65,256 |
| Gold Price per Ounce(28.34 g) | $2,029.69 |
Gold Price Today : Convert Gold Ounce to US Dollar Or vice versa
Gold price chart in U.S. Dollar per ounce, Live gold price chart
No significant news is scheduled for this day, indicating a potential calm in the market. However, traders should remain vigilant for unexpected developments that could influence gold prices.
- Wednesday, March 6th:
1:30 am (AUD) - GDP q/q:
The release of Australia's Gross Domestic Product (GDP) for the fourth quarter could impact gold prices, as economic performance often correlates with shifts in precious metal markets.
2:15 pm (USD) - ADP Non-Farm Employment Change:
The ADP employment report provides insights into the U.S. labor market, influencing investor sentiment and potentially affecting the value of gold.
4:00 pm (USD) - JOLTS Job Openings:
Job Openings and Labor Turnover Survey (JOLTS) data can impact gold prices by offering a glimpse into the labor market's health, which is closely tied to economic conditions.
- Thursday, March 7th:
2:15 pm (EUR) - Main Refinancing Rate & Monetary Policy Statement:
The European Central Bank's decision on interest rates and the accompanying statement can affect the euro's value, indirectly influencing gold prices.
2:30 pm (USD) - Unemployment Claims:
Weekly jobless claims data is a crucial economic indicator, providing insights into the health of the U.S. labor market and potentially affecting gold prices.
2:45 pm (EUR) - ECB Press Conference:
The European Central Bank's press conference following the interest rate decision may provide additional context and impact the euro and, subsequently, gold prices.
- Friday, March 8th:
2:30 am (CNY) - CPI y/y:
China's Consumer Price Index (CPI) data can influence global economic sentiment and, consequently, impact gold prices.
2:30 pm (USD) - Average Hourly Earnings m/m, Non-Farm Employment Change, Unemployment Rate:
The release of key U.S. employment data can significantly impact gold prices, serving as a barometer for the health of the world's largest economy.
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