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Gold Climbs to 3-Month Highs, Pushes Past $1150

Gold has posted further gains on Thursday, as the metal trades at a spot price of $1151.88 an ounce in the North American session. In economic news, US Unemployment Claims disappointed, climbing to 285 thousand. Manufacturing numbers were a mix, as Preliminary Unit Labor Costs posted a strong gain of 4.5%, well above the forecast. However, US Factory […]

Gold Posts Strong Gains on Weak Services PMI

Gold has posted strong gains on Wednesday, trading at a spot price of $1139.53 an ounce in the North American session. In economic news, ADP Nonfarm Payrolls slipped to 205 thousand, but beat expectations. ISM Non-Manufacturing PMI fell to 53.5 points, missing the forecast. We’ll get a look at Unemployment Claims on Thursday. Gold continues to […]

Gold Higher on Soft US Manufacturing Report

Gold has posted gains on Monday, trading at a spot price of $1126.84 an ounce in the North American session. On the release front, US Core PCE Price Index came in at 0.0%, while Personal Spending posted an identical reading. In the US, ISM Manufacturing PMI dipped to 48.2 points, short of the estimate. Gold has […]

Gold Dips Below $1120, US Durables Disappoint

Gold is lower on Thursday, trading at a spot price of $1116.00 an ounce in the North American session. On the release front, US Core Durable Goods Orders posted a decline of 1.2%, while Durable Goods Orders plunged 5.1%. There was better news on the employment front, as unemployment claims dipped to 278 thousand, beating the […]

Gold in Holding Pattern Ahead of FOMC Statement

Gold is steady on Wednesday, trading at $1116.58 an ounce in the North American session. On the release front, US News Home Sales surged to 544 thousand, well above expectations. Crude Oil Inventories posted a surplus of 8.4 million, much higher than the estimate. All eyes are on the Federal Reserve, which will issue its monthly policy […]

Oil remains the dominant theme as prices fall back below $30

It’s the same story, but a different day. The direction of crude oil prices continues to drive capital markets. The black stuff is on the cusp of relinquishing the latter half of last week’s gains ahead of tomorrow’s Federal Open Market Committee (FOMC) announcement and crude oil inventories report (WTI-$29.80, Brent $29.90). Market risk aversion […]

5 Things The Markets Are Talking About

Chinese stocks get slammed, safe havens rally, and Apple is due to report earnings. Here are some of the things people in markets are talking about today. 1. China stocks slammed The Shanghai Composite Index plunged 6.4 percent to 2,749.79 at the close. Huang Weimin, a hedge fund manager whose Chinese stock-index futures wagers returned […]

Gold Punches Above $1100, CPI Dips

Gold prices have jumped on Wednesday, as the base metal trades at $1103.48 an ounce in the North American session.  On the release front, CPI posted a weak reading of 0.1%, short of the estimate of 0.0%. Building Permits dipped in December, but managed to beat expectations. On Thursday, the US will release two key events, Unemployment Claims […]

Gold Close to $1090, US Consumer Inflation Report Next

Gold prices continues to have a quiet week, as the base metal trades at $1086.10 an ounce in Tuesday’s North American session. On the release front, it’s a quiet day in the US, with two minor indicators. US NAHB Housing Market Index met expectations. On Wednesday, the US releases two key events, CPI and Building Permits. […]

Gold Flat in Holiday Trade

Gold prices are subdued on Monday, as the metal trades at $1089.14 an ounce in the North American session. There are no scheduled economic releases, as the US markets are closed for the Martin Luther King holiday. US releases wrapped up the week on a mixed note. Core Retail Sales and Retail Sales both posted declines […]

Gold Posts Losses, US Jobless Claims Climbs

Gold prices has posted considerable losses on Thursday, as the metal trades at $1080.80 an ounce in the North American session. On the release front, US Unemployment Claims disappointed. The key indicator rose to 281 thousand, above the estimate of 275 thousand. On Friday, there are a host of key US releases, led by Retail […]

Gold Loses Ground, US Employment Report Beats Forecast

Gold prices continue to soften this week. In Tuesday’s North American session, gold is trading at $1086.30 an ounce. On the release front, the markets were treated to more good news from US employment releases. JOLTS Job Openings, an important indicator, improved to 5.43 million, beating the forecast. Gold posted sharp gains last week, the […]

Gold Dips Below $1100

Gold has started the new trading week with slight losses. In Monday’s North American session, gold is trading at $1097.60 an ounce. On the release front, there is only one event on the schedule. The Labor Market Conditions Index jumped to 2.9 points, its highest reading in 10 months. It’s been an outstanding start to the […]

Gold Rally Continues, Markets Eye FOMC Minutes

Gold has pushed higher on Wednesday, extending gains for a third straight session. In the North American session, gold is trading just shy of the $1090 level. On the release front, ADP Nonfarm Payrolls was outstanding, posting a gain of 257 thousand. There was more good news from the US Trade Balance, which beat the […]

Gold Pushes Higher, US Manufacturing PMI Slips

Gold has strengthened on Monday, as the base metal trades at $1076.30 per ounce in the North American session. On the release front, today’s key event was ISM Manufacturing PMI. The index was a big disappointment, dropping to 48.2 points, which was well below expectations. Gold has ushered in 2016 on a positive note, posting […]

Gold Unchanged at $1060, US Jobless Claims Disappoint

Gold is having a quiet day, trading at $1061.83 per ounce in the North American session. In economic news, US Unemployment Claims rose to 287 thousand, higher than expected. There was more bad news as Chicago PMI plunged to 42.8 points in December, well off expectations, and much weaker the November reading of 48.7 points. There […]

Gold Steady, US Jobless Claims Dip Lower

Gold is steady on Thursday, as the spot price stands at $1075.97 per ounce in the North American session.  On the release front, it’s a very quiet day ahead of the Christmas holiday. US Unemployment Claims edged down to 267 thousand, beating the estimate of 270 thousand. There hasn’t been much to cheer about when it comes […]

Gold Subdued, US Durable Goods Slip

Gold is trading quietly on Wednesday, as the spot price stands at $1069.08 per ounce in the North American session.  On the release front, it has been a busy day. Core Durable Goods Orders came in at -0.1%, while Durable Goods Orders posted a flat reading of 0.0%. New Home Sales disappointed, dropping to 490 thousand, […]

Gold Steady, US GDP Meets Expectations

This week’s gold rally has taken a pause, as spot gold trades at $1073.19 per ounce in the North American session. In the US, Final GDP posted a solid gain of 2.0%. Existing Houses Sales disappointed, while the Richmond Manufacturing Index beat expectations. There hasn’t been much to cheer about when it comes to gold, as […]

Gold Rises to $1080 as Rally Continues

Gold has moved higher on Monday, with a spot price of $1080.25 per ounce in the North American session. On the economic front, it’s a quiet start to the week, with no US economic indicators. The markets are keeping a close eye on US Final GDP, which will be released on Tuesday. An unexpected reading from […]

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