Conor Maloney
Conor Maloney is a journalist with hundreds of articles covering financial markets and topics published on sites like Yahoo Finance and GoldPrice.org.
He is passionate about blockchain, cybersecurity, and financial independence, and he believes in gold as a viable alternative to fiat currency.
Follow Conor at @iWriteCrypto on Twitter.
Gold Price Holds Steady As Job Growth Nearly Doubles Expectations
Private sector employment in the US greatly exceeded expectations in January according to the latest ADP employment report. 291,000 jobs were added vs. just 156,000 expected for the first month of 2020.
A Tight Labor Market in 2019 Didn’t Translate Into Better Wages or Benefits
Despite a tight labor market and an unemployment rate at a 50-year low of 3.5%, wages and benefits for American workers haven’t seen much growth. The employment cost index rose 0.7% in Q4 of 2019 according to a report released by the Bureau of Statistics on Friday, in line with expectations. Annually, the pace of wages and benefits growth slowed to 2.7% from 2.9%.
Personal Income and Spending Rise in Line With Expectations, Inflation Remains Tame
Personal income rose 0.2% in December, continuing a trend of steady growth in spending amid a robust labor market. Personal-consumption expenditures, or PCE, rose 0.3% last month. Expectations for both personal income and PCE were set at 0.3%.
Gold Rises on Virus Scare Despite Flat Initial Jobless Claims
The number of Americans filing for unemployment benefits hit near expectations last week, dropping 7,000 to 216,000. Claims for the previous week were revised higher by 12,000 applications, and the four-week average remains low.
Q4 GDP In Line With Expectations at 2.1%, Gold Prices Hold Gains
Economic growth in the final quarter of 2019 came in at 2.1% as expected, with the relatively weak result showing the impact of the trade war between the US and China. Annually, the economy grew at 2.3%, lower than figures seen in 2018 and 2017.
Gold Prices Creep Down As Report Shows Rising Home Prices
Home prices increased by an average of 3.5% in November, gaining on the 3.2% rise seen in October according to the S&P CoreLogic Case-Shiller National Home Price Index. The cities which saw the highest gains were Phoenix, Charlotte, and Tampa.
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