Conor Maloney
Gold Price Spikes Following Big Miss in Employment
The latest ADP employment report released on Wednesday revealed that the private sector added 102,000 jobs compared to 140,000 expected. The previous month’s figures were revised upwards from 27,000 to 41,000.
Tame Inflation Pressures May Prompt Rate Cuts, Gold Price Holds Firm
Consumer prices measured by the personal consumption expenditures (PCE) price index rose 0.2% in May. The core-PCE index, a key metric used by the Federal Reserve to gauge inflation pressure, rose by 1.5% annually, down from April’s 1.6% rise.
US Consumer Spending and Income Rise Moderately in May
Consumer spending in the US, which accounts for two thirds of the economy, rose by 0.4% with increased spending on motor vehicles, eating at restaurants, and hotel accommodation. Income rose by 0.5%.
Initial Jobless Claims Rise Above Expectations, Price of Gold Drops
The number of Americans filing for unemployment benefits rose more than expected last week with 227,000 applications for the week ended June 22, according to the Labor Department.
Q1 GDP Revised Downward, Gold Prices Drop
Economic growth in the US economy during the first three months of the year was revised slightly downward in the government’s final GDP reading which was released on Thursday morning.
Durable Goods Orders Drop Below Expectations, Gold Price Ticks Downward
US durable goods orders dipped in May for the third time in four months, pulled down by a canceled order for the controversial Boeing 737 which was involved in multiple fatal crashes.
has been the number 1 site for live gold and silver price charts in every national currency in the world.
