Gold and silver bounced back a bit last week, but bullion is still from down its yearly highs – close to $1300 for gold and $18.5 for silver. This week there aren’t major U.S. economic reports and in Europe the…
Gold and Silver Report for July 17-21
Tag: gold and silver prices
Gold and Silver Report for July 10-14
Gold and silver, much like many other commodities, took another hit last week. And the better than expected NFP report also provided additional downward pressure on precious metals. The strong gain in jobs paved the way, for now, for the…
U.S. NFP: Jobs Beat Expectations; But Wage Growth Remains Flat
The U.S. non-farm payroll report beat market estimates: A gain of 222K jobs vs an estimated growth of 175K (The ADP estimated a gain of 158K jobs) in June; but wages growth, yet again, didn’t pick up and showed a…
Gold and Silver Report for July 3-7
It’s an interesting time for bullion investors because gold and silver prices are being pulled in different directions, which as of last week at least, resulted in both precious metals losing some ground. On the one hand, long term interest…
Gold and Silver Report for June 26-30
The bullion market has cooled down in the past week as gold and silver prices moved sideways without a clear trend. The market is still trying to figure out how hawkish will the Fed actually be considering the recent economic…
Gold and Silver Report for June 19-23
The Fed gone all hawkish and brushed off the latest weak inflation data in its decision in the previous week. Despite the rhetoric, the markets haven’t budged and still estimate less than 50% chance of another hike by the end…
The Fed Brushes Off Low Inflation and Keeps on Going
The recent FOMC meeting concluded, as expected, with another rate hike of 25 basis points; the rate was pushed up to the 1%-1.25% range. This decision came on the heels of the latest CPI report, in which both core and…
Gold and Silver Report for June 12-16
Gold and silver have taken a pause from their rally of the past several weeks. But this pause could end this week as the FOMC plans to raise rates. Although the market is already pricing in the next rate hike,…
Gold and Silver Report for June 5-9
Precious metals prices have continued to slow recovery especially following the latest NFP report, which showed a gain of only 138K jobs and another month of only 2.5% wage growth. This report, however, didn’t change the market expectations about the…
U.S. NFP: Fall Short of Market Expectations
The U.S. non-farm payroll report fell short of market estimates: Only 138K jobs were added vs an estimated growth of 181K (The ADP estimated a gain of 253K jobs) in May; and yet again there is no rise in wages…