151K Jobs Created In January, But Unemployment Rate Falls To 4.9%
(Kitco News) – The shine is starting to come off the one bright spot in the U.S. economy as job growth last month was weaker than expected, according to the latest data from the Labor Department.
Read moreBMO: U.S. Jobs Growth Misses Expectations; Potential For More Short Covering In Gold
BMO Capital Markets sees potential for more short covering in gold after U.S. nonfarm payrolls missed expectations.
Read moreYear of the Monkey: Could Gold’s New Year Rally Continue?
The new year has been great for gold to say the least, with the metal rising over 7%, which has people questioning whether or not China’s New Year on Monday could also bring about another rally for the yellow metal.
Traders Awaiting U.S. Jobs Report For Direction
Gold Prices are slightly higher and hit another 3.5-month high overnight as the bulls continue to gain momentum.
Read moreThe 6PM Recap With Gary Wagner: Volatility In the US Dollar, Oil And Equities Again Takes Gold And Silver Higher
The looping, swooping, rising and falling in crude today dragged U.S. equities along for the ride. West Texas Intermediate at one point was up to $33.50 per barrel while Brent hit a slightly higher level.
Read moreNot Trump, Not Clinton: Americans Say Republicans & Democrats Don’t Care About Middle Class – Pew Research
About fifty percent of the American population is feeling ignored – this according to a study which found that the country’s middle-class is feeling neglected by both Republicans and Democrats.
Top LBMA Forecaster Sees Gold Trading in $980-$1,222 Range in 2016
The London Bullion Market Association (LBMA) releases an annual survey with the industry’s top analysts’ precious metals forecasts for the year.
Gold Hits 3.5-Mo. High As Big Downdraft In U.S. Dollar Aids Precious Metals Bulls
Gold prices ended the U.S. day session solidly higher and hit a 3.5-month high Thursday. Add the slumping U.S. dollar index to the list of bullish elements helping to drive gold and silver prices higher recently. Silver prices also scored a 3.5-month h…
Read moreIs An LBMA Silver Benchmark Overhaul Coming After Price Discrepancy?
In response to a divergence in the London Bullion Market Association’s silver benchmark price to the actual spot price last week, CME Group and Thomson Reuters alongside the independent LBMA Silver Price Oversight Committee have announced that they are working to ensure that this won’t happen again.
Modest Third-Quarter Gold Hedging Linked To Weakness In Australian Dollar
The global hedge book for gold producers expanded modestly by a net 500,000 ounces, or 16 tonnes, during the third quarter, largely driven by companies with operations in Australia as they apparently took advantage of a higher gold price in that country’s currency, according to a report released Thursday by the GFMS team at Thomson Reuters and Societe Generale.