The 6PM Recap With Gary Wagner: Stocks Stay Neutral On Huge Jobs Beat While Gold And Crude Suffer As Greenback Soars
Today’s U.S. jobs report served to bolster expectations that the Federal Reserve will raise interest rates at their next meeting six weeks from now.
Fed, Demand Trends To Drive Gold Prices Next Week
Gold prices plummeted this week as the market continued its recent downtrend. Friday’s action saw gold tumble to its lowest level since early August after the U.S. labor market revealed its fastest pace of job gains this year.
Read moreConfessions of a Gold Analyst: Why I Use Elliott Wave
In my first “Confessions” article several months ago, I gave you the story of my initial foray into the financial markets. As a lawyer and an accountant, especially one which graduated college with a dual major in economics and accounting, my expectation was that I would be able to put my knowledge to great use in the financial markets.
Analysts: Market Expectations For Fed Tightening Increase After Nonfarm Payrolls
Expectations for a rate hike by the U.S. Federal Open Market Committee jumped Friday after the Labor Department reported the strongest jobs growth of the year in October.
Read moreRetail Investors Changing Gold Tune Post-Jobs
he downtrend in gold continues, with the metal logging its seventh straight session loss, and retail investors have finally changed their tune, expecting this pressure to continue in the coming week.
Read moreGold & Silver Forecasts Revised Lower; Still Optimistic In 2016 – Capital Economics
Analysts with Barclays have scaled back their forecast for gold prices in the fourth quarter after the bank also pushed ahead its view on when the U.S. Federal Reserve will start hiking U.S. interest rates.
Read moreThe Fed Is Not Quite Central Bank Of The World – Former Fed Chair Bernanke
As financial markets and foreign economies stand on the sidelines to see what the U.S. Federal Reserveâ??s next monetary policy move will be, one former Fed chair said it is not necessarily up to the Fed to be the central bank of the world.
Mining Stocks Fall With Gold, Silver; Some Outperform Amid Earnings Releases
Most shares of gold and silver producers that trade in North America fell this week along with the metals themselves, although some managed to fare better during another busy week of third-quarter corporate earnings releases.
Read moreGold Down, Hits 3-Mo. Low, in Wake of Surprisingly Strong U.S. Jobs Data
A surprisingly strong U.S. jobs report pushed gold prices solidly lower and to a three-month low in early U.S. trading Friday.
Read moreU.S. Nonfarm Payrolls Rise By 271,000 In October; Jobless Rate Dips To 5.0%
Nonfarm employment in the U.S. grew by 271,000 during October, the Labor Department reported Friday.
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