Gold Price Holds Above $4,000 as Fed Rate Hike Expectations and U.S. Jobs Data Weigh on Market 
Asian Currencies Stay Under Pressure as Dollar Holds Near 13-Month High Ahead of U.S. Jobs Report 
Trump Administration Declines USMCA Renewal, Opens Talks on New Trade Changes 
China Services PMI Beats Forecasts as Strong Demand Supports June Growth 
Wall Street Ends Mixed as Weak Jobs Data Lowers Fed Rate Hike Bets, Chip Stocks Tumble 
Gold Price Surges Above $4,120 as Weak US Jobs Data Lowers Fed Rate Hike Expectations 
New Zealand Consumer Confidence Rises in June as Inflation Expectations Ease 
The UN Conference on Trade and Development (UNCTAD) released its Trade and Development Report 2016 earlier on Thursday. UNCTAD said that the world economy in 2016 is in a "fragile state,” and added that “Neither financial bubbles nor export surges offer a sustainable solution to tepid growth and weak labour market conditions.”
UNCTAD said that there was lack of policy coordination among systemically important economies. The agency called for a more ambitious policy package to address existing imbalances and ease the constraints on faster growth.
The UNCTAD report follows a modest downgrade by the Organization for Economic Co-operation and Development (OECD) to global growth forecasts on Wednesday. OECD trimmed global GDP growth forecast for 2016 to 2.9 percent from previous 3.0 percent. 2017 GDP growth forecast was cut to 3.2 percent from previous 3.3 percent.
