Conor Maloney
Conor Maloney is a journalist with hundreds of articles covering financial markets and topics published on sites like Yahoo Finance and GoldPrice.org.
He is passionate about blockchain, cybersecurity, and financial independence, and he believes in gold as a viable alternative to fiat currency.
Follow Conor at @iWriteCrypto on Twitter.
Industrial Production Beats Expectations in August, Gold Prices Tick Downward
US manufacturing output rose above expectations of 0.2% gain in August with a 0.6% gain following the -0.4% drop seen the month before, according to the US Federal Reserve. However, trade conflicts and worsening global economic conditions continue to place pressure on the industry, with the outlook for factories remaining dim.
Gold Prices Slow Down Following Mixed Retail Sales Data
US retail sales saw a modest increase in August, led by a robust e-commerce industry and increased demand for vehicles. Released by the Commerce Department on Friday, the retail sales report also indicates risk-averse sentiment among consumers.
Gold Prices Take Off Despite 5-Month Low in US Jobless Claims
The number of Americans filing for unemployment benefits fell to the lowest point in 5 months for the week ended September 7 according to a report released by the Labor Department on Thursday.
Mild Boost in US Core Producer Prices May Mean Stable Inflation, Gold Prices Unchanged
US producer prices rose 0.1% in July and 1.8% annually in August, according to a report released on Thursday by the Labor Department.
Hiring Slows but Remains Strong in August, Gold Prices Tick Upward
The US economy added 130,000 jobs in August compared to 160,000 expected, while the unemployment rate remained flat as expected at 3.7%. The low rate of unemployment, near a 50-year low, along with strong labor market data released yesterday by the Labor Market and ADP, points to a strong and healthy market despite increasingly vulnerable economic conditions.
Gold Prices Dip as Jobless Claims Remain Stable
The number of Americans applying for unemployment benefits saw a moderate increase last week, remaining near the lowest level since 1969. Coupled with unexpectedly high levels of job creation in the private sector in August, the report indicates ongoing strength in the US labor market.
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