Gold, silver see modest corrective price rebounds kitconews gold silver metals mining investing finance economics
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Global stock markets were mostly up overnight. U.S. stock indexes are pointed toward slightly higher openings when the New York day session begins. The marketplace has quickly digested Wednesday afternoon’s release of the minutes of the last FOMC meeting. The marketplaces sees a 96% chance the Federal Reserve will raise its key Fed funds rate by 75 basis points at its next FOMC meeting.
The U.S. data point of the week is Friday’s employment situation report for June. The key non-farm payrolls number is expected to come in up 250,000 compared to the 390,000 rise in the May report. U.S. economic data due for release Thursday includes the weekly jobless claims report, the Challenger job-cuts report, the international trade report, the monthly chain store sales index and the weekly DOE liquid energy stocks report.
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