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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…
Price of Gold Holds Gains Despite Significant Increase in Private Sector Jobs
The US has added the most private sector jobs in nearly two years, significantly outpacing projection from economists with 271,000 jobs added in December.
Key Takeaways…
Gold Price Spikes With Initial Jobless Claims Higher Than Expected
Initial jobless claims for the week ending December 29 were higher than expected with 10,000 new claims added that week. Economists still view the labor market as performing…
Gold Prices Hit 6-Month High as Chinese Manufacturing Data Points to Slowdown
The gold market is moving higher on the first day of trade in the New Year as stocks get pounded once again. The gold market is looking increasingly bullish from both a…
Gold Price Preview: December 31 - January 4
Good morning traders, happy Monday. And Happy New Year! 2019 is finally here. I think 2019 is going to be an exciting and—hopefully—profitable year for precious metals traders…
Gold Price Recap: December 24 - December 28
Happy Friday traders, I hope you all had a nice Tuesday, whether it was Christmas or just a random day-off in the middle of your week.
This week’s recap will be a little…
German Inflation Dips to 1.7% in December
German inflation slowed sharply this month according to new data from the Federal Statistics Office.
Inflation has now dipped below the European Central Bank’s (ECB)…
Initial Jobless Claims Data Shows Strong Labor Market
After edging higher in recent months, initial jobless claims appear to be stabilizing with fewer Americans applying for unemployment benefits amid a tightening labor market.…
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