US Industrial Production Declines in March, Gold Prices Near Four-Month Low
The Federal Reserve reported on Tuesday that industrial production unexpectedly fell by -0.1% in March, despite market expectations of a 0.1% gain. Compared to expectations, the last four readings for industrial production have been disappointing.
Gold Price Ticks Upward After Unexpected Drop in US Consumer Sentiment
Gold is climbing following the news that US consumer sentiment dropped for the first time in three months in April, with the long-term economic outlook reaching the lowest point in over a year.
Fed’s James Bullard Advises Fed to “Tread Carefully” Around Recession Signals
St. Louis Federal Reserve President James Bullard spoke on Thursday at a community development event in Tulepo, Mississippi, stating that two important signals are emerging which require careful attention.
Initial Jobless Claims Lowest Since 1969, Gold Price Drops
Gold has come under selling pressure today with the joint release of the PPI index showing tame inflation pressure as well as another Labor Department report pointing to a very robust US labor market. Initial jobless claims fell to 196,000 vs 210,000 expected.
Gold Prices Dip as US Producer Prices Hit 5-Month High in March
US producer prices saw the biggest gain in five months in March, with the Labor Department reporting a 0.6% gain, mostly driven by rising gasoline prices. Despite the PPI index increase, inflation pressure remains muted. Year-over-year, the less volatile core-PPI came in at 2%, the slowest rate since late 2017.
US Consumer Prices Hit Yearly High, Price of Gold Ticks Upward
The US Consumer Price Index hit the highest level in over a year in March, but inflation pressure remains tame due to the ongoing global economic slowdown.
has been the number 1 site for live gold and silver price charts in every national currency in the world.
