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Employment Hits Record High in July, Gold Price Ticks Upward
The US labor force reached a total of 163.4 million in July, a record high, after adding 164,000 jobs. Jobs growth was actually below expectations of 165,000 - 170,000,…
FOMC Recap: August 1
Happy Thursday, traders. Dropping in for an odd, slightly less organized mid-week post to talk a bit more about …
ISM Manufacturing Index Sinks Below Expectations
The ISM manufacturing index hit the lowest point since August 2016 in July, dropping to 51.2 vs. 52 expected. Factory activity has now seen four straight months of downturn and…
Mild Increase in Initial Jobless Claims, Gold Prices Drop
The number of Americans filing applications for unemployment benefits increased last week from 206,000 to 215,000. With projections of 212,000, the increase was somewhat in…
FOMC Recap: July 31
Good afternoon traders, that thing we all knew was happening…happened! The Federal Reserve rode in to the rescue of the American economy, whether the economy needed rescuing or…
Fed Preview: What Comes After the 25-Basis Point Cut?
The FOMC has changed gears and has indicated they are ready to start cutting rates, the first down move since 2008. In today’s meeting is all but certain that we will see a 25-…
Gold Price Preview: July 29 - August 2
Good morning, traders. Welcome back to another week in the metals and currency markets. It’s going to be a big one, so let’s jump right in.
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Gold Price Recap: July 22 - 26
Happy Friday, traders! Welcome back for our recap of the week in the metals markets. At time of writing, gold prices are trading steadily in the $1415-20 range ahead of one of…
Gold Prices Dip as Q2 GDP Exceeds Expectations
US GDP growth came in higher than expected with 2.1% growth vs. 1.8% expected. Growth is still down from the 3.1% growth seen in Q1, although that was partially attributed to a…
Initial Jobless Claims Hit Three-Month Low, Gold Prices Face Selling Pressure
The number of Americans applying for unemployment benefits last week hit the lowest level in three months, indicating ongoing strength in the US labor market which boasts the…
Durable Goods Orders See First Gain in Three Months, Gold Prices Tick Downward
Orders for long-lasting durable goods such as vehicles and computers saw the first gain in June in three months, accompanied by an uptick in business investment. However,…
Further Weakness in Housing Sector as US New Home Sales Miss The Mark
US home sales have disappointed again this week, with sub-…
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