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FOMC Minutes Preview: Gold Price Support Looks to Increase as Analysts Expect Confirmation of Pause, Dovish Bias
The FOMC’s March meeting had quite an impact on financial markets—…
Has the Palladium Bubble Burst?
The palladium market has been a hot subject in the financial media in recent months as the market overtook gold to become the most expensive of the precious metals complex.…
Gold Price Preview: April 8 - 12
Good morning traders, and welcome back to another week in the markets.
I hope you’re all having as a good a start to Monday at shiny yellow metal is having: at time of…
Gold Price Recap: April 1 - 5
Happy Friday, traders. At the time of writing, the gold market is heading towards a net-unchanged week in terms of pricing, despite some serious selling pressure at different…
Nonfarm Payrolls: Shakes off February’s Miss and Beats Expectations
March’s Non-Farm Payrolls beat expectations coming in at 196,000 while the unemployment rate held steady at 3.8 percent. March’s payroll increased by 4 cents to $27.70…
Gold Price Slips as Initial Jobless Claims Reach 49-Year Low
The number of Americans filing for unemployment benefits reached the lowest level since 1969 last week, indicating continued strength in the labor market. Claims were reported…
Potential Economic Slowdown as Services Sector Weakest in Over a Year
The ISM non-manufacturing index has fallen to the weakest level since August 2017 with a reading of just 56.1 in March. The reading is below expectations and comes on the same…
Big Miss in March Private Sector Employment at 129k vs 170k Expected
March saw less private sector jobs created than expected with 129,000 new jobs compared to 170,000 expected according to Wednesday’s ADP report. The previous month’s reading…
Gold Slightly Higher but Bitcoin Is Getting All the Attention Today
The gold and crypto markets are moving higher today as stocks take a step back following two recent days of strong gains. The gold market is fairly quiet today, however,…
Gold Price Ticks Upward Following Weak Durable Goods Orders Report
US factories saw a drop in business equipment orders in February for the third time in four months, an indication that the trade war is continuing to impact manufacturing.…
Gold Price Slightly Lower as Manufacturing PMI Shows Expansion
The latest reading of Manufacturing PMI showed a rise in activity for March compared to February. The 55.3 reading for March was better than the expected reading of 54.5 and…
Gold Price Preview: April 1 - 5
Gold prices have started the week with some upward momentum after challenging—and then solidifying—support at the $1290 in the overnight session.
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