The Year Is 2029: The US Declares Its Debt Null And Void
August 5 –The year is 2029. Interest rates are spiking. A dollar crisis has emerged. Inflation is running rampant.
Silver Down 3% As Markets Digest July Jobs Report
(Kitco News) -While gold prices are starting to see more aggressive selling pressure, it is the selloff in silver that is grabbing investor attention Friday morning.
Read moreGold Extends Losses As U.S. Dollar Index Rallies, Crude Oil Sells Off
Gold prices are trading sharply lower and near the session low in mid-morning dealings Friday. Gold and silver prices slumped following a much-stronger-than-expected U.S. jobs report.
Read moreGold Sells Off On Strong U.S. Jobs Data
Gold prices are lower in the immediate aftermath of a much-stronger-than-expected U.S. employment report that likely puts a Federal Reserve interest rate hike this year back on the table. December Comex gold was last down $12.50 an ounce at $1,355.60.
Read moreGold Falls 1% As U.S. Economy Adds 255K Jobs In July
(Kitco News) – Gold prices are seeing strong selling pressure as the U.S. labor market continued to expand at bigger than expected pace.
Read moreSocGen’s Bhar: Jobs Data Pressures Gold; Market May Now Turn Sideways
Gold moved lower after the second straight stronger-than-forecast U.S. monthly report on jobs gains, although the market may now move sideways over the next week or so as global central banks collectively remain accommodative, says Robin Bhar, analyst …
Read moreGold Slightly Up Ahead Of Key U.S. Jobs Data
World stock markets were mostly firmer overnight, ahead of this morning’s July U.S. employment report from the Labor Department-arguably the most important U.S. economic report of the month.
Read moreMarkets On Pins And needles Ahead Of Jobs Data
Markets await U.S. jobs data. Expectations are in the 180k level for job creation with the repeating theme that a strong number gives the Fed ammunition to go in September and a weak number closes the door once and for all for 2016. I don’t think the Fed goes, even if the number is north of 250k.
Kirkland Lake Gold Reports Profitable Second Quarter
Kirkland Lake Gold Inc. (TSX: KGI) reports net and comprehensive income for the second quarter of C$13.8 million and C$14 million, respectively, or 12 Canadian cents per share.
Read moreGold Rebounds While Labor Report Looms
The biggest news of the day emanated from London where the Bank of England lowered its overnight rate to 0.25%, lowest ever. The central bank also announced other various stimulus measures that hover around the £170 billion.
Some analysts here are saying that this might preclude a rate rise by the Federal Reserve here in the United States as it would spread the strengths of the dollar and pound too much. (The dollar would grow stronger if the Fed raises rates.)