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Manufacturing Index Sees Major Rebound, Defying Expectations
The Richmond Manufacturing Index beat market expectations for October with a rebound from -9 to 8, vastly surpassing market expectations of a drop to -14. Back in positive...
Gold Price Preview: October 21 - October 25
Good morning, traders! Welcome back to our weekly look at the macroeconomic calendar interesting us as metals traders over the next five trading days.
Gold and silver...
Gold Price Recap: October 14 - October 18
Happy Friday, traders! Welcome to our weekly recap of the action and drivers in the precious metals and Dollar markets.
As we slide towards the close of a tightly traded...
Gold Prices Rise on Weak US Financial Reports
Gold prices have seen modest upward movement today in the face of mixed data from different sectors of the US economy today which led to a slump in the US dollar. US...
Gold Price Preview: October 14 - October 18
Good morning, traders. Welcome to your weekly look at the upcoming macroeconomic calendar, with a specific focus on the events that are most important for the precious metals...
Gold Price News: October 7 - October 11
Happy Friday, traders. Welcome to our weekly look back at the last five trading days in precious metals and US Dollar markets.
At the time of writing this afternoon,...
Gold Prices Sink as Consumer Sentiment Sees Modest Rebound, Remains Below Average
The University of Michigan Consumer Sentiment Index, released on Friday, came in at 92 for September, recovering from the three-year low of 89.8 seen in August. The reading is...
Low Jobless Claims Show Labor Market Strength, Gold Prices Drop
The US labor market continues to show signs of strength amid uncertain economic conditions, with initial jobless claims dropping below expectations last week. 210,000...
Consumer Price Index at Lowest Since January, Gold Prices Tick Downward
US consumer prices saw no change in September since the month before, matching the weakest reading since the beginning of the year. With underlying inflation reportedly...
Gold Prices Unmoved, CPI in Focus as Minutes Confirm a Divided Fed
Gold prices were effectively unchanged this afternoon in the wake of the latest release of...
Federal Reserve Rate Decision Preview
The Federal Open Market Committee will be releasing minutes from the September meeting later today. Last month the Fed cut rates by 25 basis points for the second time this...
US Producer Prices Hit 8-Month Low in September, Gold Prices Tick Upwards
US producer prices took an unexpected fall in September due to the drop in the cost of goods and services. The producer price index (PPI) fell -0.3% last month vs. 0.1%...
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