U.S. Weekly Jobless Claims Rise to 282K
(Kitco News) – First-time weekly jobless claims in the U.S. rose by 12,000 to a seasonally adjusted 282,000 during the week to Saturday, the Labor Department said Thursday.
Gold Weaker as Better Risk Appetite Limits Demand for the Safe-Haven Metal
Keywords: gold, silver, technical analysis, Wyckoff
Read moreGold Could Benefit After Weak Labor Data Friday – Analysts
(Kitco News) – Weaker nonfarm payrolls rolls data are needed Friday to push gold prices higher in the near-term, according to some commodity analysts, adding that the magic number to support gold prices would be between 180,000 to 150,000 jobs.
Read moreLess risk aversion in market place Thursday.
The Euro zone did receive some upbeat economic data Thursday. The August services purchasing managers’ index (PMI) came in at 54.4 versus 54.0 in July. A reading of 54.3 was expected. A number above 50.0 suggests expansion in the sector.
Read moreECB Leaves Rates Unchanged
(Kitco News) – The European Central Bank (ECB), as expected, left interest rates unchanged Thursday.
Read moreThe 6PM Recap With Gary Wagner: Crude Stabilizing In Spite Of Rampant Bear Data
While there is still plenty of room for crude oil to fall, and many reasons for it to do so, for the moment, it seems to have found its middle-ground pricing level.
Read moreGold Weaker on Reduced Risk Aversion; Bearish Outside Markets
Gold prices ended the U.S. day session are moderately lower Wednesday.
Read moreTime For Contrarian View With Commodities, China Concerns Overdone – Capital Economics
It might just be time to take a contrarian approach with commodities, says one UK-based research firm, especially because concerns over China’s economy may be ‘overdone.’
Fed Risks Looking Like ‘Fools’ If They Raise Rates – Peter Schiff
Gold prices continue to be anchored by the U.S. dollar and the imminent Federal Reserve rate hikes, however, one CEO says the metal is gearing itself up for higher prices.
Read moreGold Extends Early Losses Amid Bearish Outside Markets, Less Risk Aversion
Gold prices in late-morning U.S. trading are moderately lower and have added on to the mild losses seen in earlier dealings.
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