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Fundamental for gold

  • Gold could continue to consolidate until an actual trade deal is signed and sealed. And the recent bills passed by the United States supporting anti-government protesters in Hong Kong remain a point of contention between Washington and Beijing.
  • Investors will get the opportunity to react on Monday to the latest ISM Manufacturing report.
  • Wednesday, the ADP Non-Farm Employment Change and ISM Non-Manufacturing PMI reports will be the centers of attention.
  • Friday, the major report is U.S. Non-Farm Payrolls. The headline number is expected to show the economy added 189K jobs in November. The Unemployment Rate is expected to hold steady at 3.6% and Average Hourly Earnings are forecast to have risen 0.3%.