Conor Maloney
Gold Price Dips Following Tame Inflation Pressure From Producer Prices in April
A measure of US inflation pressure rose beneath market expectations in April, with the Producer Prices Index (PPI) increasing by 2.4% annually.
German Industrial Production Rose Unexpectedly in March, Spot Gold Price Tests $1290
German industrial production defied expectations of a -0.5% contraction, with the latest report indicating 0.5% growth instead. The report has wider implications for the Eurozone economy.
Gold Prices Rise as Nonfarm Payrolls Surge, Unemployment Dips Near 50-Year-Low
The US Bureau of Labor Statistics released a report on Friday indicating that nonfarm employment rose by 263,000 jobs in April, well above the market expectation of 185,000.
Gold Prices Remain Down Following Flat Jobless Claims Data
The US Department of Labor has reported no change in the amount of Americans filing for unemployment benefits for the week ended April 27 with 230,000 claims vs. 215-220,000 expected.
Gold Price Higher Following Unexpectedly Weak Manufacturing Report
The Institute for Supply Management (ISM) released its Manufacturing ISM Report on Business on Wednesday, revealing that economic activity in the sector dipped from 55.3 in March to 52.8 in April, failing to meet market expectations of 55.
Price of Gold Loses Momentum as Private Sector Flourishes With Unexpected 275k Job Gain
The private sector added 275,000 jobs in April vs. just 180,000 expected following the low figure of 129,000 the month before. While a slight uptick was expected, the steep surge in job growth points to unexpected health in the services industry.
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