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Price of Palladium Tops Gold for First Time in 16 Years
The palladium market hit another record settlement on Wednesday as the metal exchanged hands for $1241 per-ounce. Price action is once again particularly strong, with the…

Gold Price Hits 5-Week High
Gold prices have moved up today to hit a 5-week high as the dollar weakens and technical buyers jump into the market. Recent bullish momentum has drawn buying interest from…

ISM PMI Shows Factory Activity Increased in November
The November PMI is up 1.6% with a reading of 59.3% according to the ISM report released earlier today. The ISM is a key measure which shows factory activity throughout the US…

The Market Week Ahead: December 3 – December 7
[Editor's note: As expected, all US economic data originally scheduled for at Wednesday release has been moved to Thursday 12/6, in observance of a national day of mourning…

Gold Pops as U.S./China Trade Tensions Ease
The gold market is solidly higher in early action as hope has been rekindled for a significant deal on trade between the U.S. and China. Over the weekend, U.S. President Trump…

The Market Week Recap: November 26 – November 30
Happy Friday, traders.
What kind of week has it been?
A bit of a kick-around, I’d say.
In soccer, the Sport of Capitalism (personal trademark pending,) a…

Will the G20 Be a Driver for Gold?
The highly anticipated G20 meeting is getting underway and it could have some substantial effects on markets. The Saturday meeting between U.S. President Donald Trump and…

FOMC Meeting: December Rate Hike Likely, 2019 Hikes Undecided
The Federal Open Market Committee meeting minutes of the meeting ending on November 09 were released today and largely confirmed the outlook that has been subject of much…

Annual PCE Index Shows Inflation Lower Than Expected
The annual core Personal Consumption and Expenditures index, the Federal Reserve’s preferred measure of inflation, rose 0.1% annually and 1.8% monthly in October, slightly…

Unforeseen Growth in Personal Income and Spending
US personal income and consumer spending surpassed growth estimates last month, growing 0.5% in October instead of the projected 0.4%, with a 0.2% jump seen the month prior.…

Weekly Jobless Claims at 6-Month High
The number of Americans who applied for unemployment benefits during the week of Thanksgiving saw a sharp rise to 234,000. This figure represented a rise of 10,000 claims from…

Federal Reserve Chairman Describes Interest Rates as Near Neutral, Stocks Rise
Federal Reserve Chairman Jerome Powell made a statement today saying that the benchmark interest rate laid out by the central bank is near a neutral level, perhaps indicating…
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