Gold Price to Continue Rise as Nasdaq Enters Bear Market
The stock market had another tough day on Thursday, with equities getting hammered once again in the aftermath of the Fed’s decision to raise the Fed Funds Rate on Wednesday by 25 basis points.
Gold Price Sharply Higher as Philly Fed Declines and Dollar Stumbles
The latest reading on Philly Fed manufacturing declined to the lowest level in over two years. The weakness in the gauge is yet another possible indication of a slowing economy. The disappointing data appears to be part of a larger trend as some key data points have seen significant declines in recent weeks.
Gold Prices Higher as Empire State Manufacturing Tumbles to 19-Month Low
The latest reading on Empire State manufacturing took a decided turn lower today as the gauge sank to a 19-month low. This key data point is yet another potential symptom of a slowing economy.
Gold Prices Lower as Chinese Data Disappoints
The gold market is under some pressure in early action Friday following more weakness in Chinese economic data overnight. Hong Kong stocks declined by over 2% as growing concerns over a slowdown hit equities hard.
Latest Brexit Vote Cancelled
U.K. Prime Minister Theresa May has cancelled a key vote on Brexit plans as the legislation was headed for almost certain defeat. Parliament had been scheduled to vote on Tuesday on an agreement Ms. May had reached with the bloc over how it would exit the European Union.
U.S. Mint Bullion Sales Figures for the Month of November
A key metric of current supply/demand dynamics can be found regularly by examining recent sales data. Of note is recent sales data from one of the largest suppliers of bullion products in the world: The U.S. Mint.
has been the number 1 site for live gold and silver price charts in every national currency in the world.
