Gold was able to gain on Friday and close just below $1830. In recent months, the gold price was in a wait-and-see position and has mainly moved sideways. Fed Chairman Jerome Powell has already announced in recent weeks that he intends to start taper as early as this year. Currently, the quantitative easing (QE) measures, …
The gold price could benefit this week from the weak U.S. labor market figures. After the publication, the gold price rose on Friday and closed with a plus of 0.99% at $1828.60 per ounce. Gold mining stocks also partially benefited from the news. Which gold mining stock could show the best performance this week? Gold …
Which gold mining stock had the best performance this week? Read More »
U.S. non-farm payrolls released today (Friday) came in far below expectations. The Labor Department announced an increase of only 235,000 jobs added. This was well below the forecast of 720,000. The unemployment rate fell from 5.4% in July to 5.2% in August. The price of gold jumped after the announcement. As of Friday evening at …
Gold moves up after U.S. jobs data disappointment Read More »
A busy week for investors. Yesterday CB Consumer Confidence, today ADP Jobs Report, ISM (Institute for Supply Management) manufacturing PMI and crude oil inventories, and on Friday government nonfarm payrolls and unemployment rate (Aug). But first in order. The CB Consumer Confidence Index fell to 113.8 from 125.1 in August, further lowering consumer confidence.The ADP …
After the Fed announced on Friday to postpone the start of the taper to a later date, gold has this week made the jump above the $1800 mark. Gold miner stocks also partially benefited from the news. Which gold miner stock could show the best performance this week? Gold Mining Stock Performance Top 3 Performer: …
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Gold prices got a boost on Friday at 10:17 pm Asia time (GMT+7), jumping after Fed Chair Jerome Powell announced the current direction will be maintained. Gold jumps after the message by 0.84% to $1808.60. Silver also got a boost and climbs 1.47% to $23.99. Fed Chair Powell reinforced the Fed’s current direction by maintaining …
Gold prices face a decline late Wednesday evening Asia time after the yellow metal had surpassed $1800 on Monday. Gold futures slipped 0.98% to $1787. Silver futures fell 0.78% to $23.78. Precious metals investors are now looking forward to Jackson Hole, where Fed Chair Powell will announce the Fed’s further approach to monetary policy. Investors …
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The gold price has recovered impressively since the last price drop and is again scratching the $1800 mark. Rising COVID fears in the largest economies, the U.S. and China are tempting many investors to seek a safe haven. In China, falling retail sales and falling production figures are causing fears of a repeat of last …
How have commodities like gold, silver, and oil performed against the major indices? In this chart, you can see the year-to-date returns of major commodities and the major indices. As you can see, so far this is not a good year for gold and silver bugs. Among the indices, the S&P 500 stands above them …
Gold prices have been under pressure since last week. The U.S. jobs report exceeded expectations and put pressure on the yellow metal. Also dragged down were the gold mines. We should still look at whether the concern about gold is justified. What happened? The quite positive U.S. jobs report brought the gold price under pressure …