The gold market is holding near session highs seeing some technical buying momentum even as U.S. economy created more jobs than expected in April. Friday, the Bureau of Labor Statistics said 428,000 jobs were created in April. The data beat expectations economists were forecasting job gains of around 390,000. At the same time the unemployment rate slightly missed expectations, as it remai... read more
Gold prices are a bit higher in early U.S. Trading Tuesday and are trading back above $1,900.00 as the bulls are trying to stop the bleeding after the recent downdraft that saw the market hit a nine-week low Monday. Silver prices are trading near steady. June gold futures were last up $7.80 at $1,903.70 and May Comex silver was last down $0.01 at $23.66 an ounce. Global stock markets were m... read more
Gold prices hit a one-month high on Wednesday, as the Russia-Ukraine conflict boosted demand for safe-haven bullion while investors also bought it as a cushion against soaring inflation. Spot gold rose 0.5% at $1,977.24 per ounce, as of 7:27 a.m. ET, after touching its highest since March 14 at $1,979.95. U.S. gold futures were up 0.2% at $1,979.20. Safe-haven bids due to the Ukraine cris... read more
Russia's war in Ukraine has created what some economists see as irrevocable shifts in the geopolitical landscape; lines are being drawn among allies and opponents that won't easily be undone. Fund managers at VanEck looked at how this new landscape will impact financial markets and the makeup of reserve currencies as nations look to diversify their holdings. Taking the current trend to an ex... read more
Hedge funds continue to take profits in gold as the Federal Reserve ratches up its hawkish rhetoric and safe have demand continues to weaken, according to the latest data from the Commodity Futures Trading Commission. Many analysts note that the latest trade data shows there is still a lot of bullish sentiment in the marketplace; some traders have said they see strategic opportunities to ent... read more
“One mustn't look at the abyss, because there is at the bottom an inexpressible charm which attracts us.” – Gustave Flaubert In 1988, Stephen Hawking published one of the best-selling science books of all time. In A Brief History of Time, Hawking made the impossibly complex topics of astronomy and modern physics accessible to a lay audience, inspiring countless young students (and at l... read more
LONDON, Feb 9 (Reuters) - Consumers should brace for years of high energy prices, heads of top oil and gas companies said, in what would pile pressure on governments struggling with spiralling inflation. Oil and gas prices have rocketed in recent months as a result of a rapid recovery in global economic activity as COVID-19 restrictions have eased, as well as a drop in investment in new ener... read more
Tue, February 8, 2022, 6:10 AM·2 min read FILE PHOTO: Busy Kentucky restaurants face staffing shortages WASHINGTON (Reuters) - U.S. small business confidence fell to an 11-month low in January amid persistent worker shortages and higher prices for materials, a survey showed on Tuesday. The National Federation of Independent Business said its Small Business Optimism Index dropped 1.8 poi... read more
(Bloomberg) -- Gold extended gains as the dollar weakened after U.S. Federal Reserve officials played down prospects of aggressive rate hikes coming imminently. European stocks and U.S. futures rose on Tuesday, while the dollar ticked lower amid the positive risk sentiment. Gold regained the psychologically important $1,800 an ounce mark, just above the level it averaged last year. On... read more
(Bloomberg) -- Gold rose as the U.S. dollar weakened and risk sentiment improved across global equities markets. Earnings optimism helped European and U.S. equities futures pare losses, triggered by the prospect of imminent tightening on monetary policy by the U.S. Federal Reserve. The greenback fell amid an increasingly positive mood, causing gold to edge higher. “The uptick in yie... read more