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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.…
Gold Price Recap: December 31 - January 4
Happy Friday traders, and welcome to 2019!
As has been the case for the last couple weeks, this recap is a bit shorter than our usual as the holiday week and the US…
Fed Chairman Jerome Powell Promises Patience With Rate Hikes, Would Not Resign if Asked
FOMC Chairman Jerome Powell stated that the Fed would be patient with rate hikes in 2019, perhaps contributing to a subsequent recovery in the embattled stock market. Powell…
Gold Prices Could Continue Uptrend as Economic Concerns Mount
Wednesday’s announcement from Apple sent shock waves through the financial markets on Thursday and…
Gold Prices Fall Following Strong U.S. Jobs Report
Job growth in nonfarm payrolls surged in December by 312,000 positions, nearly doubling expectations of surveyed economists. The surprising growth may have contributed to a dip…
Gold Price Near $1,300 Following Weak US Manufacturing Industry Report
The ISM Purchasing Manufacturer’s Index slipped over 5% for December, lower than anticipated. The Institute for Supply Management report shows continued growth at 54.1%, but at…
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