GoldPrice

Happy Friday, traders. Welcome back to our weekly market wrap, where we focus in particular on the economic data, headlines and market news that mattered most for precious metals pricing this week, as well as for prices on silver, the US Dollar, and other key correlated assets.

Good morning, traders; Welcome to our market week preview, where we take a look at the economic data, market news and headlines likely to have the biggest impact the price of gold this week and beyond, as well as market prices for silver, the US Dollar, and other key correlated assets.

Happy Friday, traders. Welcome to our weekly market wrap, where we take a look back at these last five trading days with a focus on the market news, economic data and headlines that had the most impact on gold prices—and may continue to into the future—as well as the charts for silver, the US Dollar and other key correlated assets.

Happy Monday, traders. Welcome to our regular preview of the trading week ahead. Here you’ll find we focus on the economic data, headlines, and market news flow that look the most likely to have an impact on gold prices, as well as the charts for silver, the Dollar, and other key correlated assets.

Happy Friday, traders. Welcome to our weekly recap of the last five trading days, with a focus on the economic data, market news flow, and headlines that had the biggest impact on gold prices, as well as charts for the Dollar and other correlated assets.

Good morning, traders. Welcome to our weekly preview of the trading days ahead, focusing on the economic data, headlines, and market news likely to have the biggest impact on prices for gold and silver, as well as the US Dollar and other key correlated assets.

Happy Friday, traders, and welcome back to our regular market wrap for this (holiday shortened week. As usual here, we’ll be focusing on the data and market news that mean the most for gold prices, as well as silver, the US Dollar, and other key correlated assets.

Good morning, traders. Welcome to our preview of the (holiday-shortened) trading week ahead, focusing on the economic data and market news flow that looks to have the biggest potential impact on precious metals markets, as well as markets for the US Dollar and other key correlated assets.

Happy Thursday-like-a-Friday, traders. Welcome to our weekly market wrap, where we like to focus on the economic data, news flow, and market narratives that have had the biggest impact on gold prices (and may continue to in the future,) as well as key correlated assets like the US Dollar.

The number of Americans applying for unemployment insurance rose to 1.427 million in the week ended June 27, higher than the expected figure of 1 million. Claims have remained above 1 million for 15 weeks in a row. Last week’s figures mark the first time claims have risen beyond expectations since the peak in March.

The US economy added 4.8 million new jobs in June, bringing the rate of unemployment down to 11.1%. Nonfarm payrolls were expected to rise by just 2.9 million rather than the 4.8 million total, a big upside miss. The rate of unemployment also came in better than expected. However, 1.4 million Americans still filed for jobless claims benefits last week, highlighting the fact that the labor market is a long way off any form of recovery.

At last month’s FOMC meeting, the committee agreed to hold rates in their ultra-low positioning while also continuing a rapid pace of asset purchases and other operations in an effort to support the US economy through the current pandemic-driven economic crisis and, hopeful, into a healthy recovery. In the meeting minutes, released this afternoon, we see that the FOMC members felt confident in the decisions made while discussing what next steps are important for building and sustaining economic momentum for a recovery.