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Gold Price Recap: June 10 - June 14
Happy Friday traders! Did you miss me? The last two weeks of trekking the Italian coastline have hopefully not whittled my analytical skills too much, and I’m glad to be back…
US Retail Sales Climb for Second Straight Month, April Figures Revised Higher
US retail sales saw gains in May with increases in spending on autos, electronic gadgets and appliances. The Commerce Department released a statement saying that headlines rose…
Gold Prices Climb as Jobless Claims Spike Unexpectedly
The number of Americans filing applications for unemployment benefits rose unexpectedly for the week ended June 08, sparking concerns that the labor market may be slowing down…
Cheap Gasoline Keeps Consumer Prices Low in May, Gold Price Rises
US consumer prices remained relatively flat through May with rising food costs offset by a drop in the price of gasoline. The consumer price index (CPI) rose 0.1% as expected…
Producer Prices Increase in May, Gold Price Drops
Producer prices rose in May by 0.1% as expected according to a Labor Department report released on Tuesday, spurred on by a boom in the cost of hotel accommodation and other…
Gold Price Preview: June 10 - June 14
Happy Monday gold traders. The last week of trading was an exciting one. Gold rallied almost $70 from about $1280 to about $1350 in 7 days of trading.
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Employment Growth Well Below Expectations in May, Unemployment Rate Holds Steady
US non-farm payroll employment increased by 75,000 in May compared to 180,000 expected. With the labor market going strong, the latest employment growth reading is a surprise…
Initial Jobless Claims Applications Stay Flat, Gold Price Rises
The number of initial jobless claims filed in the US last week was unchanged, pointing to strength and stability in the labor market despite a general economic slowdown.
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Fed Chair Jerome Powell Says Fed Will Act to Preserve Economic Expansion
Federal Reserve Chairman Jerome Powell made a statement on Tuesday to say that the central bank would monitor economic conditions and act to maintain the current economic…
Gold Price Preview: June 3 - June 7
Gold traders have a reason to be excited for the first time in a while. Gold has had one of its biggest rallies of the year up over $50 in 3 days of trading, close to a 3…
Gold Price Recap: May 28 - May 31
Trump and the Trade War has been the biggest driver of price action these past few weeks. Trump’s trade comments and imposed tariffs has caused equities, gold, the dollar and…
Fed Official Richard Clarida Advises Against Rate Cut, Gold Price Rises
Federal Vice Chair Richard Clarida stated on Thursday that there is no need for a rate cut as the US economy is “in a good place” with an appropriate interest rate.
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