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Gold Continues Rise Above $1610/oz as Even an Optimistic FOMC Meeting Hints and Persistently Low Interest Rates
The Federal Reserve this afternoon released the discussion minutes from the FOMC’s most recent monetary policy meeting, the first of 2020. The meeting’s notes confirmed the…
Gold Price Still Holding Gains as January Producer Prices Rise Above Yearly High
US producer prices saw the highest gains in over a year last month, driven by increases in services like healthcare and hotel accommodation. The producer price index (PPI)…
Gold Price Rises as Housing Starts and Permits Beat Expectations in January
Home building starts fell less than expected in January, dipping 3.6% to 1.567 million units vs. 1.45 million expected. Permits, an indicator of future construction, rose near…
Gold Eyes $1,600 Despite 9-Month High in Empire State Manufacturing Index
The New York Federal Reserve’s manufacturing index rose 8.1 points to 12.9 in February, according to a report released on Tuesday. The index is now at the highest level since…
Gold Price Preview: February 17 - February 21
Good morning, traders. Welcome to our preview of the trading week ahead, with a specific focus on the economic data and global headlines that could have the biggest impact for…
Gold Price Recap: February 10 - February 14
Happy Friday, traders. Welcome to our weekly market wrap on the last five days of trading in gold and it’s correlated assets. Gold prices are heading towards a gain of more…
Clothing Store Sales Hit 2009 Low as Consumer Spending Rises Moderately
Sales at clothing stores hit the lowest point in 11 years in January, while consumer spending overall ticked upward. Retail sales climbed 0.3% last month as expected, according…
Gold Price Holds Gains on Virus Scare as Consumer Inflation Rises Slightly
Consumer inflation rose slightly in January, driven by increases in the cost of rent and clothing. The consumer price index rose 0.2% following a 0.1% gain the month before,…
Initial Jobless Claims Rise Below Expectations, Gold Price Holds Gains
The number of Americans who applied for unemployment benefits last week rose slightly from 203,000 to 205,000 vs. 210,000 expected. Claims remain relatively low, with no…
Gold Price Preview: February 10 - February 14
Good morning, traders. Welcome to our weekly preview of the macroeconomic data and market data that are positioned to matter the most for gold markets and related assets. Gold…
Gold Price Recap: February 3 - February 7
Happy Friday, traders. Welcome to our Friday market wrap of this week in gold markets and their correlated assets. Gold prices have been unable to recover their marks from…
Jobs Report beats expectations, Unemployment rises
The labor market remained in good health throughout the first month of 2020 with 225,000 new jobs added vs. expectations of just 164,000. Average hourly earnings rose, as did…
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