News:
The outlook for UK jobs is the gloomiest in almost three decades, according to the latest employment survey by recruitment firm ManpowerGroup.
It found that companies in all big sectors of the economy are more likely to cut jobs than to hire people over the next three months, from July to September, the weakest forecast since records began in 1992.
The survey comes as companies prepare to start weaning themselves off the government's furlough scheme, which covers the wage bill of almost 9 million workers.
Technical analysis:
Gold has been trading upwards as we expected. The Gold is heading towards our upward targets at $1,721 and $1,744. I still see potential for further rise due to strong momentum on the upside.
Trading recommendation:
Watch for buying opportunities on the dips using the intraday time-frames with the main targets at $1,721 and $1,744
