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British GDP Slows Down Amid Brexit, Auto-Industry Decline
The British economy slowed down in Q3 with the biggest drop in industrial production since 2012 led by a decline in the car manufacturing industry.
Key Takeaways
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Macro and Gold Price Outlook: Four Stories That Could Drive Gold Prices in 2019
Now that we’ve all awoken from our turkey and nog-laden comas and started getting those trading legs back under us to start the year, it’s time to have a look ahead at what…
US Weekly Jobless Claims Fell More Than Expected Last Week
Initial jobless claims were lower than expected with a total of 216,000 claims compared to a forecast 225,000, pointing to a healthy labor market in the face of economic…
Cheap Loans to Banks Discussed at ECB Meeting, Economic Risk Assessed as “Fragile”
The minutes of the ECB Governing Council Meeting held on December 12-13 2018 were released today, with a number of the main points highlighted below.
Key Takeaways…
Gold Price Ticks Upward as Chinese Inflation Data Misses Expectations
Chinese inflation data came in lower than expected in the wake of the end of three days of trade negotiations between the US and China, negatively impacting the Asian markets…
US Dollar Falls, Gold Price Surpasses $1290 on Dovish FOMC Meeting Minutes
The FOMC this afternoon released the meeting minutes that cover its two-day meeting and corresponding rate hike and publication of economic projections. As was widely expected…
Interest Rate Drop Prompts 23.5% Spike in Mortgage Applications
Mortgage rates have increased significantly thanks to a drop in interest rates last week with a 23.5% increase in applications for the week ending January 4 according to the…
U.S. Mint Bullion Sales Figures for the Month of December
The current state of market supply and demand metrics can be seen by examining recent bullion sales data. The U.S. Mint is one of the largest bullion producers in the world and…
Price of Gold Ticks Upward as U.S. Service Sector Hits 5-Month Low
The latest data from the ISM lends credence to recent speculation of a global economic slowdown that is decelerating faster than predicted. With concerning developments in the…
Gold Price Preview: January 7 - January 11
Good Monday morning, traders. It’s time for the first full trading week of 2019! The calendar is a little lite, data-wise, but I suspect we’ll have plenty to trade on in…
Housing Market, the Biggest Threat to the Economy
The housing market might yet again be the biggest hazard we have in our economy. Housing inventory is increasing in many markets while affordable housing lags demand.…
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