Precious metals markets are retreating this week as official U.S. employment data comes in surprisingly strong.The Labor Department reported that weekly jobless claims fell by 13,000 to a total of 216,000. Many economists had been...
Precious metals markets enter trading for the month of September with bulls hoping positive seasonal forces kick in. Gold and silver markets have traded mostly lower since late spring. They did rally, though, during the second half of...
Precious metals markets are rebounding this week as central bankers from around the world gather at Jackson Hole.
Precious metals markets are extending their losing streak as the U.S. dollar pushes higher. The Dollar Index rose for a fifth straight week through Thursday's close.
Precious metals markets are ticking lower this week amid an ongoing summer lull in investor demand.
As debt downgrade concerns push up bond yields, metals markets are facing selling pressure. Credit ratings agency Fitch this week issued a surprise downgrade of the U.S. government's once vaunted AAA credit rating. Recent political...
Rate hike concerns are weighing on precious metals markets this week. The Federal Reserve lifted its benchmark funds rate by a quarter point as expected on Wednesday. Many investors had been looking for central bankers to signal that would...
Gold and silver sold off on Thursday, but the yellow metal was still clinging to a small weekly advance through yesterday's close. As of this Friday recording, the gold market is up a slight 0.3% for the week to come in at $1,971 an ounce...
A potentially pivotal week of trading is seeing precious metals markets push higher. The main catalyst is a breakdown in the U.S. Dollar Index. On Thursday, the dollar slid to its lowest level in more than a year versus a basket of foreign...
As President Joe Biden touts “Bidenomics,” ordinary Americans continue to feel the pinch of “Bidenflation.” Meanwhile, the Federal Reserve’s ongoing efforts to fight inflation have Investors fearing more rate hikes to come.