September 5, 2013 - Daily Market News
U.S. stocks advanced after jobless claims came out better than expected. It contributes to the flow of positive data that we have seen recently from the U.S. suggesting peak soon. A two-day meeting will be held by the Federal Open Market Committee reduction of monetary stimulus on 17 and 18 September to discuss. European shares climb to the president of the ECB, Draghi reiterated that monetary policy will remain accommodative and interest rates will remain low.
U.S. oil inventories fell send WTI higher. A Senate panel has given President Obama the authority to use military force against Syria pushes oil concern remains that the oil supply may be affected. Gold falls to the positive U.S. data as the dollar is strengthening. Tomorrow the monthly nonfarm payrolls for the U.S. will be released. As a driver of the markets this event watched by binary option traders as it may send gold to new lows.
