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ECB Leaves Interest Rates Unchanged as Expected Amid Economic Uncertainty
The European Central Bank has left interest rates unchanged according to ECB President Mario Draghi, a decision that is in line with market expectations. Destabilizing factors...
ADP Employment Shows Fewer Jobs Than Expected, Gold Price Rises
Gold rose to an intra-day high following the report that non-farm private employment growth was below expectations in February at 183,000 vs 189,000 predicted. January figures...
Down Week for Gold Continues After ISM Non-Manufacturing Index Data
February’s ISM Non-Manufacturing report came in at 59.7 percent vs 57.4 expected, signifying strong continued growth in the US economy. This positive data point came after...
Price of Gold Ticks Downward With Unexpected Rise in December Home Sales
The number of new homes sold in the US in December surpassed expectations after November’s downwardly revised figure painted a bleak outlook for the struggling housing market....
Gold Price Preview: March 4 - March 8
Happy Monday traders, welcome to another week.
The overnight European markets and early New York trading sessions continued to pile the pressure onto gold spot, driving...
Gold Price Hits 5-Week Low as Risk Aversion Fades
The gold market is trading moderately lower in early action Monday as investors digest the latest news. Increasing optimism over a potential U.S./China trade deal is fanning...
Gold Price Recap: February 25 - March 1
Happy Friday, traders.
Did I say on Monday that this could be a building week for gold? Hoooo boy. Maybe that was a typo?
At time of writing, gold spot price has...
Gold Price Trims Losses After Disappointing ISM Manufacturing Report
Spot gold has shot upward directly following a poor ISM manufacturing report, trimming losses of 0.53% to -0.23% at the time of writing. The ISM dropped to 54.2% in February...
Gold Price Falls as PCE Data Indicates Rate Hikes Unlikely
Spot gold is testing support at $1,300 in the midst of the latest data from the Commerce Department which shows that Personal Consumption Expenditure rose above expectations in...
Personal Incomes Fall Unexpectedly in January, Gold Price Sell-off Continues
At -0.1%, personal incomes for Americans dropped for the first time in approximately three years after the increase seen in December was connected with farm subsidies and...
Gold Price Falls With Unexpectedly Strong Q4 GDP Growth
The US GDP came in stronger than expected in Q4, although still significantly weaker than in Q3. Business investment helped bolster the economy at the close of 2018. Q4 GDP...
Initial Jobless Claims Rise by 8,000
Today's US Department of Labor report indicated that the number of Americans filing for unemployment benefits rose by 8,000 to 225,000 during the week ended February 23, higher...
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