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Federal Reserve Weary About the Condition of the Economy
Stocks hit new highs today as the Fed has indicated that an interest rate cut is imminent, Fed Funds futures agree. During last months meeting the Federal Reserve held rates...
Gold Price Preview: July 8 - 12
Happy Monday, traders. Welcome to your weekly look ahead at the macroeconomic calendar from the perspective of the gold market. We’ve got a relatively quiet slate over the next...
Strong Jobs Report May Offset Rate Cuts, Gold Prices Fall
Nonfarm payrolls rose 224,000 in June, easily surpassing the market expectations of 165,000 according to a report released by the Labor Department on Friday.
Key...
Non-Manufacturing Data Give Gold Another Jumpstart
The non-manufacturing index fell to 55.1 from 56.9 in today’s ISM data. Three out of the four components that make up the index took a dive. New orders were the lowest since...
Gold Prices Rise Despite Dip in Initial Jobless Claims
The number of Americans applying for unemployment benefits for the week ended June 29 dipped modestly from 227,000 to 221,000. This is slightly above the market expectation of...
Gold Price Spikes Following Big Miss in Employment
The latest ADP employment report released on Wednesday revealed that the private sector added 102,000 jobs compared to 140,000 expected. The previous month’s figures were...
Gold Price Preview: July 1 - July 5
Welcome back to the markets on a Monday, traders. Our charts look very different this morning than they did last week, so let’s jump right in.
At time of writing, gold...
Gold Price Recap: June 24 - June 28
Happy Friday traders, and welcome to your recap of the week in the gold market.
So, what kind of week has it been?
An energetic week for gold trading to be sure,...
Tame Inflation Pressures May Prompt Rate Cuts, Gold Price Holds Firm
Consumer prices measured by the personal consumption expenditures (PCE) price index rose 0.2% in May. The core-PCE index, a key metric used by the Federal Reserve to gauge...
US Consumer Spending and Income Rise Moderately in May
Consumer spending in the US, which accounts for two thirds of the economy, rose by 0.4% with increased spending on motor vehicles, eating at restaurants, and hotel...
Initial Jobless Claims Rise Above Expectations, Price of Gold Drops
The number of Americans filing for unemployment benefits rose more than expected last week with 227,000 applications for the week ended June 22, according to the Labor...
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