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Gold Price Lower as China Data Disappoints
Markets are reacting to the latest data out of China Monday in a holiday-shortened session. The latest data will only add to investor anxiety over the health of the world’s…
Gold Price Recap: January 14 - January 18
Happy Friday traders, one more big football weekend ahead! (Of course, in two weeks we’ll have the big marketing weekend, interspersed with a football game.)
But you’re…
Consumer Sentiment Plunges, Gold Price Ticks Downward
Consumer sentiment has dipped to the lowest level since the election of President Trump according to today’s University of Michigan consumer sentiment Index. The index…
Gold Price Under Pressure as Philly Fed Index Stronger Than Expected
The gold market is seeing a little selling in early action today. A stronger than expected Philly Fed index reading may be the culprit. The index hit a reading of 17, stronger…
Housing Starts Data Delayed, Private Sector Steps In
While the ongoing partial government shutdown (now the longest in history) has delayed the release of the most current housing starts data, the private sector has stepped in…
Price of Gold Dips, Initial Jobless Claims Below Expectations
Jobless claims fell last week to a five-week low despite the ongoing government shutdown, although more furloughed federal workers did seek financial aid. Claims dipped by 3,…
Palladium Price Takes Out Another Record
Spot palladium prices are seeing a sharp rise in early action today. Just a few short weeks ago, palladium pushed past gold to become the most precious of the precious metals.…
Theresa May’s Brexit Deal Defeated by Huge Margin Leaving Much Uncertainty
Gold and currencies had a rocky day of trading yesterday around the Brexit vote. Theresa May’s Brexit proposal was shot down, a no confidence vote was called was called by…
U.S. Producer Prices Post Biggest Drop in Two Years
Gold prices have held steady following the Labor Department’s Producer Price Index report (PPI) which fell 0.2% in December after a 0.1% rise in November. The PPI is used as a…
Big Miss in January Empire State Manufacturing Index
The Empire State Manufacturing Index dropped 7.6 points to 3.9 in January according to the New York Federal Reserve’s report on Tuesday. The reading is drastically below the…
Gold Price Preview: January 14 - January 18
Happy Monday, traders. Welcome back from an excellent football weekend.
Spot price for gold is back above $1290/oz this morning, showing strong resistance at that level…
Gold Price Gaining Ground as Chinese Trade Data Fuels Risk Aversion
Recent trade data out of China is once again behind early declines in stocks today. The Benchmark Dow Jones…
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