Mumbai, July 1 -- COMEX gold and silver futures extend further downside on Wednesday morning in Asia amid rising expectations of a Federal rate hike after data released yesterday showed US job openings rose to a two-year high in May, indicating labor demand remained resilient despite signs of softer hiring. Investors now look ahead to the latest US monthly jobs report for fresh insights into the strength of the labor market and the outlook for Federal Reserve policy. The US Dollar (USD) rebounds after a three-day losing streak, with the US Dollar Index (DXY) trading 0.11% higher to near 101.09. Currently, the yellow metal is quoting at $3999.70 an ounce, down more than 1% while silver is down 2.6% at $58.40 an ounce.
Published by HT Digita...