Latest Financial News Impacting Gold Prices
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U.S. Mint Bullion Sales Figures for the Month of October
The US Mint issues millions of gold and silver bullion coins every year, which are sold through authorized dealers around the country.
FOMC Meeting Results in No Rate Hike for Now
The Federal Open Market Committee met expectations by voting to maintain the federal funds range within the 2 - 2.25% range in a unanimous decision in today’s meeting.
Initial Jobless Claims Fell Last Week, Held at 45-Year Low
The US labor market continues to tighten as last week’s report from the Labor Department shows that initial jobless claims fell slightly from the previous week.
Split Outcome in the US Midterm Elections Could Benefit Gold
The much-awaited US midterm elections have resulted in the Democrats barely gaining control of the House of Representatives, while the Republicans maintain control in the Senate and even increase their lead.
Mortgage Applications Drop 4%, Interest Rates Highest in 8 Years
The Mortgage Bankers Association released their data for mortgage applications of the week ending November 02. The report reveals more challenges for the housing market with mortgage applications at a 4-year low in the face of rising interests rates and dwindling home sales.
Job Openings Drop to 7 Million, Employment Still Rising
The US Bureau of Labor Statistics released September’s JOLTS survey which helps measure US jobs vacancies in multiple sectors by surveying employers about recruitment, hires, separations, employment and job openings.
All Eyes on the Midterms
The highly anticipated midterm elections have now arrived, and the results could potentially have a major impact on financial markets. Gold is trading slightly lower in early action today, as stocks move slightly higher.
ISM Non-Manufacturing PMI Registers 1% Lower Than Forecast
The Institute of Supply Management (ISM) released a new report on the Non-Manufacturing Purchasing Manager’s Index which gives an insight into the state of the non-manufacturing sector as a whole.
The Market Week Ahead: November 5 – November 11
What looks at first glance like a potentially frenetic week on the data and headline calendar is actually setting up to be rather subdued.
Nonfarm Payrolls up an Unexpected 250,000 Positions
Nonfarm payroll employment increased by 250,000 in October, greatly surpassing the predicted increase. The US Bureau of Labor Statistics says the unemployment rate is unchanged at 3.7%.
New Jobless Claims Lowest Since 1973
New applications for unemployment aid fell last week to the lowest level since 1973 after dropping 2,000 cases from 216,000 to 214,000.
Gold Sharply Higher as Data Disappoints and the Dollar Eases
The gold market is seeing some strong buying in early action today as the dollar index weakens and some key data points potentially point to slowing growth. The yellow metal is up nearly $18 per ounce at $1232 in early trade.
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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 is a journalist with hundreds of articles covering financial markets and topics published on sites like Yahoo Finance and GoldPrice.org.
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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.
