The spot gold price has declined to around 2022 $/oz. from about 2036 $/oz. This came after the confirmation from the Federal Reserve that it will continue in its rate hike. Also, the decline in US retail sales by more than expected has supported the
Gold is down as the Fed sees continuing rate hikes
April 14, 2023
Top Four Things to Watch in Markets This Week
March 27, 2023
Following rate decisions by the Federal Reserve, European Central Bank and Bank of England last week, investors will turn their attention to the latest economic releases this week to assess the health of the global economy, in the wake of the undergo
Gold rises on a higher US unemployment rate
March 10, 2023
The gold price had been moving higher for a third consecutive day on Friday. The prices had breached the $1830 mark, and the US dismal data has supported its rise.
US jobless claims climb to the highest since December, gold resumes upward correction
March 9, 2023
U.S. initial jobless claims climbed to the highest level since December, suggesting some softening in what’s still a robust labor market, helping gold to resume its short-term upside correction.
US consumer confidence decreased in Feb for second consecutive month
February 28, 2023
The US consumer confidence index decreased in February for the second consecutive month. It declined to 102.9, down from 106.0 in January, according to the Conference Board. It missed the expectations of a reading of 108.5 set by economists.
What is the market watching this coming week?
February 26, 2023
The markets are awaiting a bundle of data this coming week. The following will summarize the top four events that are expected to have a remarkable effect on financial markets and gold.
U.S. economy grows slower than forecast, yet inflationary pressures remain strong
February 23, 2023
U.S. economic growth measured by the Real Gross Domestic Product (GDP) expanded by 2.7% in the fourth quarter on a yearly basis, the U.S. Bureau of Economic Analysis (BEA) second estimate showed.
Gold prices fluctuate after strong US economic data
February 21, 2023
Gold prices fluctuated after the release of strong U.S. economic data that signaled the world’s biggest economy is resilient and thereby raised bets the Federal Reserve would continue monetary tightening.
US annual inflation slows less than forecast in January
February 14, 2023
U.S. consumer prices inflation slowed in January to 6.4% from a year ago, compared to 6.5% in December, data released by the Bureau of Labor Statistics on Tuesday showed.