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October NFP Rose by More Than Expected, but Working-Age Population Is Shrinking
October saw 128,000 jobs added to payrolls, well above expectations of around 80,000. September figures were revised upward from 136,000 to 180,000, indicating ongoing strength…
Gold Prices Soar Above $1,500 With Mild Gain in Jobless Claims
Applications for unemployment benefits rose 5,000 to 218,000 for the week ended October 26 according to the Labor Department’s Thursday report. Data for the week prior was…
Gold Price Spikes as Consumer Spending Rises Slightly, Inflation Remains Under Target
Personal income and spending rose moderately in September according to Thursday’s report from the Commerce Department. Consumer spending is spurred on by the robust labor…
Gold Prices Mostly Unchanged but Pointing Higher Following Third-Consecutive FOMC Rate Cut
As expected, the Federal Reserve’s FOMC this afternoon delivered a third-consecutive cut to short-term interest rates of 0.25% which, assuming it is the final of the set, ties…
Mixed Payroll Data Offset by Unexpectedly High GDP Report, Gold Trades Under $1,500
The US private sector added 125,000 jobs in October, slightly above expectations of 190,000 to 120,000. Payroll gains the month prior were revised down significantly from 135,…
Federal Reserve Rate Decision Preview
The Fed Futures market has priced in a 90 percent probability of a 25-basis point cut, to 1.5 to 1.75 percent. What will be more important than the all but certain cut will be…
Gold Price Preview - October 28 - November 1
Good morning, traders. Welcome back to our preview of the macroeconomic calendar, relevant to the precious metals and currency markets, for the week ahead.
The price of…
Gold Price Recap: October 21 - October 25
Happy Friday, traders. With markets turning their gaze towards (probably) another “adjustment” to short-term interest rates next week, gold prices have shrugged off a low-…
New Home Sales Drop in September, Gold Prices Rise
Sales of new single-family homes fell -0.7% in September with shortages of affordable homes still pressuring the market. Low inventory and affordability are persist problems…
Gold Price Tests Resistance Despite Unexpected Drop in Jobless Claims
Thursday’s report from the Labor Department indicates ongoing strength in the labor market, with applications for initial jobless claims falling unexpectedly. While hiring has…
Business Investment is Down With Unexpected Drop in Durable Goods Orders
New orders for durable goods, designed to last more than three years, fell -1.1% in September, indicating softening business investment. This represents a big miss in orders…
Major Drop in Existing Home Sales as Housing Struggles, Gold Price Stays on Lows
Sales of existing homes in the US dropped more than expected in September as the market continues to show signs of weakness in Q4. Land and labor shortages continue to hinder…
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