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ISM Non-Manufacturing Index Rises in January, Gold Price Ticks Upward
The services sector saw increased activity in January, pointing to ongoing moderate economic growth. Growth in services was led by increases in new orders, according to the…
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…
Gold Price Preview: February 3 - February 7
Good morning, traders. Welcome to our weekly preview of the stories, events, and economic data on our radar this week that could have the biggest impact on gold its correlated…
Gold Price Recap: January 27 - January 31
Happy Friday, traders; welcome to our market wrap on the week in gold and related markets. Despite a solid docket of macroeconomic data, this week’s trading was dominated by…
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…
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…
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…
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…
FOMC Recap: January 29th
This afternoon the Federal Reserve’s FOMC delivered an…
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…
December Durable Goods Rose as Business Investment Contracted
Durable goods orders rose 2.4% in December after falling 3.1% the month before. However, new orders for capital goods fell by the most in 8 months in December, indicating a…
Gold Price Preview: January 27 - January 31
Good morning, traders. Welcome to our weekly market preview where we focus on the developing stories and macroeconomic data that could matter the most to precious metals and…
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