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Gold Price Preview: May 6 - May 10
Happy Monday traders, welcome to your look at the macroeconomic week ahead as it pertains to gold markets.
This morning gold spot price is trading roughly where it had…
Gold Price Recap: April 29 - May 3
Happy Friday traders, quite a start to the day (and end to the week) that we’re seeing.
At the time of writing, just after the release of…
Gold Prices Rise as Nonfarm Payrolls Surge, Unemployment Dips Near 50-Year-Low
The US Bureau of Labor Statistics released a report on Friday indicating that nonfarm employment rose by 263,000 jobs in April, well above the market expectation of 185,000.…
Gold Prices Remain Down Following Flat Jobless Claims Data
The US Department of Labor has reported no change in the amount of Americans filing for unemployment benefits for the week ended April 27 with 230,000 claims vs. 215-220,000…
Markets Are Choppy as the Fed Indicates a Patient Stance
Today’s meeting left rates unchanged which was already assumed by the markets. Following the statement yields were down between 3 and 4 basis points after the Fed reiterated…
Gold Price Higher Following Unexpectedly Weak Manufacturing Report
The Institute for Supply Management (ISM) released its Manufacturing ISM Report on Business on Wednesday, revealing that economic activity in the sector dipped from 55.3 in…
Price of Gold Loses Momentum as Private Sector Flourishes With Unexpected 275k Job Gain
The private sector added 275,000 jobs in April vs. just 180,000 expected following the low figure of 129,000 the month before. While a slight uptick was expected, the steep…
Big Miss as Chicago PMI Hits Two-Year Low, Gold Price Rises
The ISM-Chicago survey which measures business activity and presents a regional view of the economy fell sharply on Tuesday, dropping to 52.6 from 58.7 in March. The result is…
Growth in Home Prices Remains Slow in February, Gold Price Rises
Home prices continued to creep up at a modest pace in February with 4% gain compared to February 2018, down from 4.2% annual growth in January.
Key Takeaways
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Gold Price Preview: April 29 - May 3
Good morning traders, welcome to a very crowded preview of the week ahead’s macroeconomic calendar. After holding up well in Sunday evening trading, gold prices are…
Gold Price Recap: April 22 - 26
Happy Friday traders. Gold prices are up for the week, as high as $20 above the lows at time of writing. Quite a positive turn, all things considered.
So, what kind of…
Gold Prices Rise With 3.2% GDP Expansion in Q1
Gold prices have risen on Friday, initially sinking into negative territory before climbing again following the report that US gross domestic product rose by an annual rate of…
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