Hot spot tracking

  • The U.S. private sector added 122,000 net jobs in May, up from a revised 105,000 in April and exceeding market expectations of 110,000. This news is bullish for the U.S. dollar.
  • Bank of Japan Governor Kazuo Ueda: Continued interest rate hikes are needed to curb inflation. This news is positive for the yen.
  • Russia has released its first gold mining estimate in years, with figures far exceeding expectations; the Polish central bank has increased its gold holdings by 18 tons in the past month. This news is bullish for gold.

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