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Gold Prices Rise Despite Unexpected Growth in NY Manufacturing
The New York Fed’s release of the Empire State Manufacturing Survey shows surprisingly strong activity in the manufacturing sector for January. The report indicated general…
Producer Price Data Points to Tame Inflation, Gold Prices Rise
Producer prices saw a slight 0.1% increase in December following no change in November according to the Labor Department, likely indicating tame inflation pressures. While the…
Gold Price Preview: January 13 - January 17
Good morning, traders. Welcome to our weekly preview of the macroeconomic calendar, with a focus on those data points that are most relevant for precious metals and Dollar…
Gold Price Recap: January 6 - January 10
Happy Friday, traders; welcome back to our weekly market wrap on the last five trading days, focused on the events that mattered most to the precious metals and Dollar markets…
December Misses The Mark on Jobs Growth, Gold Prices Erase Losses
The US economy added 145,000 jobs in December vs. 160,000 expected, while the rate of unemployment remained at the 10-year low of 3.5% as expected. Growth in wages slowed on a…
Initial Jobless Claims Beat Expectations, Gold Prices Sink
The number of Americans applying for unemployment benefits fell below expectations last week with 214,000 applications vs. 220,000 expected. The rate of unemployment has…
Private Sector Employment Beats Expectations, Gold Slips Below $1,600
The private sector added 202,000 jobs vs. just 150,000 expected in December according to ADP and Moody’s Analytics. Trade and construction led the growth in employment which…
Gold Pulls Back From 7-Year High With ISM Non-Manufacturing Above December Expectations
Gold surged above a 7-year high on Tuesday before pulling back slightly, staying on highs following above-expectation results for the December ISM non-manufacturing PMI. The…
Gold Price Preview: January 6 - January 10
Good morning, traders. Welcome to our preview of the first full week of trading in 2020. As always, we’ll be talking a look at the macroeconomic data items on this week’s…
Gold Price Recap: December 30 - January 3
Happy Friday, traders. Welcome to our first recap of 2020—and what a way to kick things off.
Gold prices are trading near four-month highs, having gained well over $30…
Gold Price Preview: December 30 - January 3
Good morning, traders; welcome to our final weekly preview of the year. As with last week, the macroeconomic calendar, the schedule is a bit uneven, and trading volume will be…
Gold Price Recap: December 23 - December 27
Happy holiday Friday, traders. Welcome to our appropriately brief recap of the week in the precious metals market. Gold prices are at a 7-week high in today’s very light…
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