ECB’s March Stimulus Bazooka Under Pinning Economic Growth
(Kitco News) – The European Central Bank’s massive stimulus package introduced early-March is expected to only boost European economic growth slightly higher in 2016, but it was instrumental in avoiding a significant downturn, according to comments from the central bank’s President Mario Draghi.
U.S. Weekly Jobless Claims Dip By 1,000 To 267,000
U.S. Weekly Jobless Claims Dip By 1,000 To 267,000
Read moreMetals Awaiting A clearer Signal
The ECB left interest rates unchanged. With the market expecting a Fed tightening move as early as mid- June, this news from the ECB (although expected), should be lifting the dollar.
Read moreGold Sees Mild Short-Covering, Bargain-Hunting
Gold is just modestly higher in early U.S. trading Thursday, on some more short covering in the futures market and some bargain hunting in the cash.
Read morePrivate Sector Adds 173K Jobs in May
(Kitco News) – The U.S. labor market managed to find some momentum last month however, private companies hired less than 200,000 employees for the second consecutive month, according to the latest data released by payrolls processor ADP.
Read moreNomura Sees ‘Uncertainty’ Over U.S. Economic Policy Under Trump Presidency
Nomura Global Economics says there is “uncertainty” about U.S. economic policy under a Donald Trump presidency.
Gold Firmer Ahead Of Important Data
Gold prices are firmer in early U.S. trading, on short covering In the futures market and bargain hunting in the cash, after prices Earlier this week hit a 3.5-month low.
Read moreECB Leaves Interest Rates Unchanged In June
(Kitco News) – As expected the European Central Bank left interest rates unchanged following its June monetary policy meeting.
Read moreA Long Weekend Does Not Change the Un-Certainty Factor
U.S. consumer spending recorded its biggest increase in more than six years in April and inflation rose steadily, crucial signs of acceleration in economic growth. We will have to see how much of that “inflation” is due to the recovery of crude oil prices, which would not indicate true inflation but a reversion to a mean.
May Gold Coin Sales Increase More Than 200% From Last Year
It’s a tale of two markets: gold futures ended May with the biggest monthly decline since November but physical demand saw a significant increase from last year.