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NY Manufacturing Hits Record Low Twice as Bad as Great Recession, Gold Price Sees Correction
The Empire State Manufacturing Index has sunk to a record low of -78.2 in April, more than double the previous low of -34.3 which was seen during the Great Recession.…
Record Plunge in Retail Sales for March, Gold Prices in Low $1700 Range
March saw the largest one-month drop in retail sales since records began over 30 years ago, with the coronavirus pandemic shutting down stores and restricting spending…
Gold Price Preview: April 13 - April 17
Good morning, traders. Welcome to our regular preview of the market week ahead, with a particular focus on the economic data and market narratives that could have the biggest…
Gold Price Recap: April 6 - April 10
Happy Friday, traders. Welcome to our weekly market wrap, this time covering what has been a holiday-shortened trading week for most markets. As always, we’ll focus on the…
US Consumer Prices Fell in March, Gold Prices Drop
Consumer prices in the US fell 0.4% last month, according to the latest consumer price index reading from the Labor Department. The figure was slightly lower than the expected…
Consumer Sentiment Plummeted in Historic Drop in April, Gold Prices Rise
The University of Michigan’s consumer sentiment index saw the largest monthly drop ever according to the latest report, tanking 20.3% to just 71. The current conditions index…
Producer Prices Fell Less Than Expected in March, Gold Rises Rise
Producer Prices fell 0.2% month over month in March and rose just 0.7% annually. Core-PPI, which excludes the volatile components of food, energy, and trade services, fell 0.2…
6.6 Million More Americans Filed For Unemployment Last Week, Gold Prices Rise
Initial jobless claims for the week ended April 04 came in at 6,606,000, down 260,000 from the week before. Over 16.5 million Americans filed for unemployment benefits in the…
Gold Prices Little Moved by FOMC Minutes as Details Confirm the Fed Is Concerned, but Committed to Recovery
The minutes of the FOMC’s March 15 emergency meeting were released as scheduled this…
Gold Price Preview: April 6 - April 10
Good morning, traders. Welcome to our regular preview of the market week ahead, with a focus on the economic data and market narrative that are most likely to impact gold…
Gold Price Recap: March 30 - April 3
Happy Friday, traders. Welcome back to our weekly market wrap. Following a round-trip of a trading week—but one that lacked the neck-breaking volatility that wreaked havoc…
ISM Business Activity Contracts for First Time Since Great Recession, Gold Prices Volatile
The ISM non-manufacturing survey fell 4.8 points to 52.5 in March, still above contraction territory and beating the expected result of 43.5. The measure of business activity…
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