Latest Financial News Impacting Gold Prices
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Gold Price Preview: June 10 - June 14
Happy Monday gold traders. The last week of trading was an exciting one. Gold rallied almost $70 from about $1280 to about $1350 in 7 days of trading.
Employment Growth Well Below Expectations in May, Unemployment Rate Holds Steady
US non-farm payroll employment increased by 75,000 in May compared to 180,000 expected. With the labor market going strong, the latest employment growth reading is a surprise to analysts. However, the rate of unemployment remains at 3.6%.
Initial Jobless Claims Applications Stay Flat, Gold Price Rises
The number of initial jobless claims filed in the US last week was unchanged, pointing to strength and stability in the labor market despite a general economic slowdown.
Fed Chair Jerome Powell Says Fed Will Act to Preserve Economic Expansion
Federal Reserve Chairman Jerome Powell made a statement on Tuesday to say that the central bank would monitor economic conditions and act to maintain the current economic expansion which is near-record breaking.
Gold Price Preview: June 3 - June 7
Gold traders have a reason to be excited for the first time in a while. Gold has had one of its biggest rallies of the year up over $50 in 3 days of trading, close to a 3 standard deviation move. From a volatility perspective gold has caught a bid up 3% to 4%, shaking up the options market.
Gold Price Recap: May 28 - May 31
Trump and the Trade War has been the biggest driver of price action these past few weeks. Trump’s trade comments and imposed tariffs has caused equities, gold, the dollar and yields to shift more than any other piece of economic data.
Fed Official Richard Clarida Advises Against Rate Cut, Gold Price Rises
Federal Vice Chair Richard Clarida stated on Thursday that there is no need for a rate cut as the US economy is “in a good place” with an appropriate interest rate.
Gold Price Remains Stable as Jobless Claims Rise Slightly
The week ended May 25 saw a slight increase in initial jobless claims which rose by 3,000 to 215,000, in line with market expectations. The labor market is still considered to be at its strongest point in decades.
Home Price Growth Slows Again in March, Gold Price Ticks Downward
The average home price in the US rose 3.7% annually in March, 0.2% less than the growth seen in February according to the S&P CoreLogic Case-Shiller home price index.
Gold Price Preview: May 28 - May 31
Good morning, gold traders. Welcome back for another (shortened) week in the gold markets. Following the long holiday weekend in the US we have a brief four days of market trading ahead of us, and those days look to make up one of the lightest economic calendars we’ve seen in 2019.
Gold Price Recap: May 20 - May 24
Happy Friday traders, and welcome to your recap of the week in metals markets. At the time of writing, gold trades just below $1285/oz in the spot markets, nearly $10 higher than the yellow metal’s start to the week.
Unexpected Drop in April Durable Goods Orders Led by Transportation Equipment
New orders for capital and durable goods produced in the US dropped more than expected in April, supporting the view that the economy is slowing after an anomalous Q1 GDP boost.
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About the GoldPrice.org Team
Benjamin Roussey
Benjamin Roussey has two master’s degrees and served four years in the US Navy. He writes professionally for several sites that cover one sector of our economy to another, including GoldPrice.org.
Benjamin enjoys sports, movies, reading, and current events when he is not working online. He currently resides in the Phoenix area.
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Conor Maloney
Conor Maloney is a journalist with hundreds of articles covering financial markets and topics published on sites like Yahoo Finance and GoldPrice.org.
He is passionate about blockchain, cybersecurity, and financial independence, and he believes in gold as a viable alternative to fiat currency.
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John Moncrief
John Moncrief is an active commodities and currency trader with nearly a decade in the industry. He also has several years of experience in writing market analysis and research notes.
John’s particular interest is in examining precious metals and currency trends through a focus on macroeconomic drivers and behavioral economic theory; although he’s probably spent at least as much time reading Stan Lee as he has Richard Thaler.
Matthew Bolden
Matthew Bolden is an active trader and investor. His passions include writing about financial markets in a simple, pragmatic way. His work has been seen in various arenas within the world of global finance, and he has written commentary on several markets including precious metals, stocks, currencies and options.
Matthew is an avid reader, student of the markets and sports enthusiast who resides in the greater Chicago area.
Ryan Page
Ryan Page has worked for 3 years as a commodities derivative’s trader. He has been building models to analyze global macro data and evaluate risk for more than 5 years.
Ryan has been trading since he was 14 years old. He enjoys playing mid to high stakes poker, with immense experience studying and applying game theory.
