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Precious metals extended gains on Friday following the release of the latest United States jobs report, with gold jumping more than 1% and silver climbing over 3%.

The US Bureau of Labor Statistics said that nonfarm payrolls in the country rose by 206,000, marking a decline from May's job growth of 218,000 and sparking hopes the Federal Reserve is nearing rate cuts.

Gold rallied 1.31% to go for $2,387.81 per ounce at 1:26 pm ET and silver surged 3.18% to $31.37 per ounce at the same time. Platinum jumped 3% to $1,033.06 per ounce at 1:27 pm ET, while palladium traded flat at $1,010.29 at the same time.

Baha Breaking News (BBN) / NP

Gold currently $2390.26

High of the session $2391.18

The prices of precious metals gained ground on Friday following the release of the United States nonfarm payrolls report for June.

Although total nonfarm payroll employment in the country topped market expectations, growing by 206,000, the numbers were lower compared to May, which seemingly sparked hopes that the Federal Reserve could be close to commencing the monetary policy easing journey.

Gold advanced 0.80% at 9:16 am ET, going for $2,375.37. At the same time, silver jumped 1.44% to $30.85 and platinum increased 1.73% to $1,019.75. A minute later, palladium grew 0.58%, selling at $1,016.75.

Baha Breaking News (BBN) / AY

Major European indexes climbed in Friday's premarket trading as investors digested the United Kingdom's general election results. Sir Keir Starmer is poised to become Britain's new prime minister as his center-left opposition Labour Party swept to a landslide general election victory, having hitherto won 408 seats and therefore ending 14 years of right-wing Conservative rule. Incumbent Prime Minister Rishi Sunak has already conceded defeat.

Market participants will also be anticipating data related to Germany's industrial production, the United Kingdom's housing market prices, and retail sales in the Eurozone.

The DAX was up 0.08% at 8:00 am CET, while the FTSE 100 added 0.27%. At the same time, the CAC 40 gained 0.29% and the Euro Stoxx 50 rose by 0.14%.

Both the euro and the pound added 0.08% against the dollar at 7:59 am CET, selling for $1.08223 and $1.27699, respectively.

Baha Breaking News (BBN) / RR

Happy Friday y’al

Enjoy your weekend

Major European indexes climbed in Friday's premarket trading as investors digested the United Kingdom's general election results. Sir Keir Starmer is poised to become Britain's new prime minister as his center-left opposition Labour Party swept to a landslide general election victory, having hitherto won 408 seats and therefore ending 14 years of right-wing Conservative rule. Incumbent Prime Minister Rishi Sunak has already conceded defeat.

Market participants will also be anticipating data related to Germany's industrial production, the United Kingdom's housing market prices, and retail sales in the Eurozone.

The DAX was up 0.08% at 8:00 am CET, while the FTSE 100 added 0.27%. At the same time, the CAC 40 gained 0.29% and the Euro Stoxx 50 rose by 0.14%.

Both the euro and the pound added 0.08% against the dollar at 7:59 am CET, selling for $1.08223 and $1.27699, respectively.

Baha Breaking News (BBN) / RR

Happy Friday y’al

Enjoy your weekend

Gold currently $2365.34

The Daily Telegraph: A money markets trader has placed a £2m bet on the Bank of England making the biggest interest rate cut in four years next month after inflation fell back to its 2% target.

https://www.telegraph.co.uk/business/2024/07/04/ftse-100-markets-latest-uk-news-french-stock-rebound-pmis/

Major European stock indexes traded flat to higher during the premarket session on Thursday with market participants awaiting the United Kingdom's general election's results as polls opened across the country in the first general election for almost five years. Fresh reports on Swiss inflation and German factory orders, as well as the European Central Bank's last monetary policy decision report are in the limelight today. Market participants also assessed the latest reports on the Swiss unemployment rate.

The DAX was flat at 8:05 am CET, while the FTSE 100 added 0.10%. At the same time, the CAC 40 gained 0.35% and the Euro Stoxx 50 rose by 0.12%.

Both the euro and the pound were flat against the dollar at 7:59 am CET, selling for $1.07863 and $1.27455, respectively.

Baha Breaking News (BBN) / RR

Major European stock indexes traded flat to higher during the premarket session on Thursday with market participants awaiting the United Kingdom's general election's results as polls opened across the country in the first general election for almost five years. Fresh reports on Swiss inflation and German factory orders, as well as the European Central Bank's last monetary policy decision report are in the limelight today. Market participants also assessed the latest reports on the Swiss unemployment rate.

The DAX was flat at 8:05 am CET, while the FTSE 100 added 0.10%. At the same time, the CAC 40 gained 0.35% and the Euro Stoxx 50 rose by 0.12%.

Both the euro and the pound were flat against the dollar at 7:59 am CET, selling for $1.07863 and $1.27455, respectively.

Baha Breaking News (BBN) / RR

Gold currently $2355.91

Currently +1.2% $2357.21

Days high $2364.97

European markets traded higher during Wednesday's premarket hours in anticipation of data on the manufacturing and services sectors in the euro area, Germany, and the United Kingdom. In addition, investors will receive an update on the Eurozone's producer inflation.

The general elections in Britain will take place tomorrow, with the latest polls projecting the Labour Party to win.

Frankfurt's DAX gained 0.16% and the FTSE 100 rose 0.20%. The CAC 40 climbed 0.62% and the Euro Stoxx 50 advanced 0.63%.

The euro lost 0.07% against the greenback, trading at 1.07390 at 8:00 am CET. The pound sterling was flat versus the dollar, changing hands for 1.26820.

Baha Breaking News (BBN) / AB

Happy hump y’al

European markets traded higher during Wednesday's premarket hours in anticipation of data on the manufacturing and services sectors in the euro area, Germany, and the United Kingdom. In addition, investors will receive an update on the Eurozone's producer inflation.

The general elections in Britain will take place tomorrow, with the latest polls projecting the Labour Party to win.

Frankfurt's DAX gained 0.16% and the FTSE 100 rose 0.20%. The CAC 40 climbed 0.62% and the Euro Stoxx 50 advanced 0.63%.

The euro lost 0.07% against the greenback, trading at 1.07390 at 8:00 am CET. The pound sterling was flat versus the dollar, changing hands for 1.26820.

Baha Breaking News (BBN) / AB

Happy hump y’al

Gold currently $2333.93

Equities in Europe traded lower in the premarket on Tuesday ahead of the Eurozone's Harmonised Indices of Consumer Prices (HICP). In addition, the bloc will update information on unemployment.

Investors are eagerly anticipating the impact of this data on the uncertain continuation of the European Central Bank's easing cycle that started on June 6, when the central bank decided to reduce its policy rate by 25 basis points, marking its first trim since 2019.

The DAX lost 0.17% at 8:03 am CET. At the same time, the FTSE 100 woprsened by 0.33%. Meanwhile, the CAC 40 was 0.25% lower and the Euro Stoxx 50 slumped by 0.20%. The euro lost 0.06% to the dollar to sell for $1.07344 at 8:04 am CET. In the same minute, the pound sterling fell by 0.09% against the greenback to go for $1.26380.

Baha Breaking News (BBN) / RR

Equities in Europe traded lower in the premarket on Tuesday ahead of the Eurozone's Harmonised Indices of Consumer Prices (HICP). In addition, the bloc will update information on unemployment.

Investors are eagerly anticipating the impact of this data on the uncertain continuation of the European Central Bank's easing cycle that started on June 6, when the central bank decided to reduce its policy rate by 25 basis points, marking its first trim since 2019.

The DAX lost 0.17% at 8:03 am CET. At the same time, the FTSE 100 woprsened by 0.33%. Meanwhile, the CAC 40 was 0.25% lower and the Euro Stoxx 50 slumped by 0.20%. The euro lost 0.06% to the dollar to sell for $1.07344 at 8:04 am CET. In the same minute, the pound sterling fell by 0.09% against the greenback to go for $1.26380.

Baha Breaking News (BBN) / RR

Gold currently $2330.89

Major European indexes climbed in Monday's premarket trading as investors digested the results of the first round of the French parliamentary elections. Initial results showed Marine Le Pen's far-right National Rally in front with 34%, followed by left-wing New Popular Front (NFP) coalition with 28.1% and President Emmanuel Macron's centrist Ensemble coalition with 20.3%. On the data front, German inflation figures, as well as PMI data from across the continent, are due later in the day.

The pan-European Euro Stoxx 50 increased by 1.19% at 8:00 am CET, the CAC 40 surged 2.29%, the DAX gained 0.11% and the FTSE 100 was up 0.52% at the same time.

The euro rose 0.44% against the dollar to sell for 1.07616 at 7:50 am CET and the pound added 0.17% compared to the greenback to go for 1.26661 at 7:51 am CET.

Baha Breaking News (BBN) / NP

Happy Monday y’al

Major European indexes climbed in Monday's premarket trading as investors digested the results of the first round of the French parliamentary elections. Initial results showed Marine Le Pen's far-right National Rally in front with 34%, followed by left-wing New Popular Front (NFP) coalition with 28.1% and President Emmanuel Macron's centrist Ensemble coalition with 20.3%. On the data front, German inflation figures, as well as PMI data from across the continent, are due later in the day.

The pan-European Euro Stoxx 50 increased by 1.19% at 8:00 am CET, the CAC 40 surged 2.29%, the DAX gained 0.11% and the FTSE 100 was up 0.52% at the same time.

The euro rose 0.44% against the dollar to sell for 1.07616 at 7:50 am CET and the pound added 0.17% compared to the greenback to go for 1.26661 at 7:51 am CET.

Baha Breaking News (BBN) / NP

Happy Monday y’al

Gold currently $2321.99

The UK economy grew at a faster rate than previously thought in the first quarter of 2024, handing the next prime minister an improved economic backdrop.

https://www.theguardian.com/business/article/2024/jun/28/next-pm-likely-to-inherit-improved-economic-backdrop-after-uk-growth-revised-up

Major European stock indexes traded mixed in the premarket session on Friday as investors awaited fresh inflation reports from France, Spain, and Italy. Additionally, British first-quarter gross domestic product figures are expected to be released today.

The DAX dropped by 0.10% at 8:00 am CET, and the FTSE 100 added 0.10%. At the same time, the CAC 40 fell by 0.21% while the Euro Stoxx 50 traded flat.

The euro was down 0.12% against the dollar, selling for $1.06229 at 7:58 am CET. The pound lost 0.06% compared to the greenback to go for $1.26320.

Baha Breaking News (BBN) / JJ

Happy Friday y’al

Enjoy your weekend.

Major European stock indexes traded mixed in the premarket session on Friday as investors awaited fresh inflation reports from France, Spain, and Italy. Additionally, British first-quarter gross domestic product figures are expected to be released today.

The DAX dropped by 0.10% at 8:00 am CET, and the FTSE 100 added 0.10%. At the same time, the CAC 40 fell by 0.21% while the Euro Stoxx 50 traded flat.

The euro was down 0.12% against the dollar, selling for $1.06229 at 7:58 am CET. The pound lost 0.06% compared to the greenback to go for $1.26320.

Baha Breaking News (BBN) / JJ

Happy Friday y’al

Enjoy your weekend.

Gold currently $2326.39

Gold and silver traded with gains on Thursday following the latest round of economic data from the United States and the drop in the dollar. According to the latest estimate, the US economy grew by 1.4% in the first quarter, an increase of 0.1 percentage point compared to the previous report. The durable goods orders rose by 0.1% in May, while initial jobless claims fell by 5,000 in the week ending June 22.

Gold added 1.5% at 9:04 am ET, going for $2,322 per ounce, and silver increased by 1.23% to sell for $29.12 per ounce. Meanwhile, platinum lost 0.93% and went for $1,005.90 per ounce and palladium lost 0.14%, selling for $917.92 per ounce a minute later.

Baha Breaking News (BBN) / DJ

Major European markets traded higher on Thursday's premarket session as investors anticipated the release of the US personal consumption expenditures price index, the Federal Reserve's preferred inflation indicator, on Friday. In addition, market participants will receive updates on consumer confidence in the Eurozone.

The European Council meeting, scheduled later in the day in Brussels, and the release of the United Kingdom's financial stability report were also in the limelight.

At 8:35 am CET, London's FTSE 100 added 0.06%. The Euro Stoxx 50 rose 0.10%. Frankfurt's DAX traded 0.06% higher and the CAC 40 improved by 0.24%.

The euro gained 0.13% against the dollar at 8:36 am CET, selling for $1.06935. A minute later, the pound added 0.12% compared to the greenback, going for $1.26373.

Baha Breaking News (BBN) / RR

Major European markets traded higher on Thursday's premarket session as investors anticipated the release of the US personal consumption expenditures price index, the Federal Reserve's preferred inflation indicator, on Friday. In addition, market participants will receive updates on consumer confidence in the Eurozone.

The European Council meeting, scheduled later in the day in Brussels, and the release of the United Kingdom's financial stability report were also in the limelight.

At 8:35 am CET, London's FTSE 100 added 0.06%. The Euro Stoxx 50 rose 0.10%. Frankfurt's DAX traded 0.06% higher and the CAC 40 improved by 0.24%.

The euro gained 0.13% against the dollar at 8:36 am CET, selling for $1.06935. A minute later, the pound added 0.12% compared to the greenback, going for $1.26373.

Baha Breaking News (BBN) / RR

Gold currently $2300.06