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Gold Price Preview: April 27 - May 1
Good morning, traders. Welcome to our Monday preview of the week ahead, focusing on the economic data and market narratives most likely to have an impact on gold and precious…
Gold Price Recap: April 20 - April 24
Happy Friday, traders. Welcome to our weekly market wrap, focused on the news and economic data that means the most for the gold market as well as the Dollar and other…
Durable Goods Orders Tanked 14.4% in March, Smashing Hopes of Sector Resilience
After rising 1.1% in February, durable goods orders plunged 14.4% in March according to the latest report from the US Commerce Department. The reading came in worse than…
Manufacturing and Services PMI Drop With Unprecedented Economic Slump Underway, Gold Prices Rise
The Markit manufacturing PMI dropped to 36.9 in April, down from 48.5 the month before and below expectations of 38. The services PMI sunk even further from 39.8 to 27,…
Unemployment to Hit 20% After 4.27 Million More Workers Lost Jobs Last Week, Gold Prices Higher
An additional 4.27 million Americans filed for unemployment benefits in the week ended April 18, in line with the expectation of 4.5 million. This follows 5.23 million the week…
Gold Price Spread: The Recent Divergence Between Physical and Paper Gold Markets Explained
The spread between the spot price of gold—that is, to buy/sell physical gold for immediate delivery—and the price of an active futures contract for gold—a paper trade…
Gold Price Preview: April 20 - April 24
Good morning, traders. Welcome to our weekly preview of the market calendar, where we focus primary on the economic data and market narrative that could have the biggest impact…
Gold Price Recap: April 13 - April 17
Happy Friday, traders. Welcome to our weekly market wrap, with a focus on gold prices and the market narratives and economic data that had the biggest impact the yellow metal…
Philadelphia Fed Manufacturing Smashes Through Great Depression Lows, Gold Stays Higher
The Philadelphia Federal Reserve manufacturing index has seen the lowest reading since July 1980, falling from -12.5 in March to -55.6 in April. Economists had forecast a…
Housing Starts See Worst Slump Since 1984, Gold Prices Hold Gains
Construction of new homes in the US saw the largest monthly decline since 1984, pushed downward by the impact of the coronavirus outbreak on the housing market and the economy…
22 Million Initial Jobless Claims in Last Four Weeks, Gold Prices Stay Higher
An additional 5.245 million Americans filed for unemployment benefits in the week ended April 11, slightly below the expected figure of 5.5 million. 22 million Americans have…
US Industrial Production Hits 74 Year Low in March, Gold Prices Sink Further
US industrial production had the worst month since 1946, with coronavirus containment procedures shutting down manufacturers and crippling supply chains worldwide. Factory…
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