Timeline of event for the last 2 weeks 2 - 6 June.

XAUUSD

OECD Slashes US growth

The OECD said it expects the U.S.'s annual real gross domestic product (GDP) growth rate to fail to 1.6% in 2025 and 1.5% in2026 from 2.8% in 2024.

Layoffs break records

U.S.-based employers have announced 696,309 jobs cuts so far this year, highest since COVID-19.

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S&P 500

Trump Pushes Steel Tariff Hike

The S&P 500 added0.4% on Monday, June 2, with steel tariffs and trade with China in the spotlight as markets entered the final month of the year's opening half. Comments by President Donald Trump about doubling tariffs on imported steel helped boost steelmakers' stocks, but shares of the "Big Three" car companies fell.

A surprise increase in job openings

The S&P 500 advanced 0.6% on Tuesday, June 3, 2025, as a report showing a surprise increase in job openings last month signaled labor-market resilience.

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S&P 500

As a rise in unemployment claims

The S&P 500 fell 0.6% on Thursday, June 5, as a rise in unemployment claims doubts about the labor market ahead of Friday morning's jobs report.

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NASDAQ

A surprise increase in job openings

The S&P 500 advanced 0.6% on Tuesday, June 3, 2025, as a report showing a surprise increase in job openings last month signaled labor-market resilience.

As a rise in unemployment claims

The S&P 500 fell 0.6% on Thursday, June 5, as a rise in unemployment claims raised doubts about the labor market ahead of Friday morning's jobs report.