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Gold Prices Drop as Private Payrolls Fall Less Than Expected in May
Fewer jobs were lost than expected in the private sector last month, although the figures are still very high by historical standards. 2.76 million workers were laid off from…
Gold Price Preview: June 1 - June 5
Good morning, traders. Welcome to our regular preview of the trading week ahead, with a particular focus on the economic data, news, and market narratives most likely to impact…
Gold Price Recap: May 26 - May 29
Happy Friday, traders. Welcome back to our weekly market wrap, covering the last four trading days with a focus on the news, market narratives, and economic data that had the…
Huge Surge in Personal Income and Record Drop in Consumer Spending, Gold Rises
Consumer spending in April fell 13.6% vs. a drop of 12.8% expected. Meanwhile, personal income saw a major increase of 10.5% vs. a decline of 5.9% expected. With tens of…
Gold Spikes as Initial Jobless Claims Rise 2.1 Million
An additional 2.1 million Americans filed for unemployment benefits last week, bringing the total number of people who have sought unemployment since March to 40 million.…
Durable Goods Orders Fall 17.2% in April, Gold Sees Strong Gains
Durable goods orders saw a major drop in April of 17.2%, above expectations of 19% decline following a 16.6% drop the month before. The data strengthens the view that the…
Q1 GDP Figures Below Original Estimate, Gold Prices Rise
Q1 GDP was revised downward in the second estimate by 0.2% to show 5% contraction vs. the originally reported decline of 4.8%. Q1 2020 marks the largest quarterly decline since…
Gold Price Preview: May 26 - May 29
Good morning, traders! Welcome to our weekly preview of the economic calendar and market narratives in the week just ahead of us. We’re coming in on Tuesday this week,…
Gold Price Recap: May 18 - May 22
Happy Friday, traders! Welcome back to our weekly market wrap, taking a look back at our last five trading days with a particular focus on the news, market narratives, and…
What Is Negative Interest Rate Policy? And How Could It Impact the Gold Market?
Happy Thursday, traders. Let’s talk about everybody’s favorite water cooler topic: monetary policy!
Markets and investors of different stripes in recent weeks have been…
Gold Slips Further as Markit Flash PMI Rises to 36.4 in May
The IHS Markit flash composite PMI, which measures activity in services and manufacturing combined, rose from 27.0 in April to 36.4 in May according to the latest IHS report.…
Jobless Claims Rise 2.4 Million as Expected, Gold Prices Tick Downward
Another 2.44 million Americans applied for jobless benefits last week, more or less in line with market forecasts. 38.6 million people have applied for benefits since the…
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