The latest U.S. non-farm payroll showed a slightly higher than expected headline figure: 215K jobs in March compared to the ADP’s anticipated a gain of 200K jobs and market expectations of 206K. The growth in wages inched up to 2.3%…
Precious metals changed direction and declined – along with other commodities – as the USD bounced back against the Euro and Japanese yen. Will the recent fall in gold and silver prices continue? Or will bullion prices change course again…
Gold and silver received another boost from the FOMC. The Fed, as expected, didn’t change its cash rate but it did revise down in the dot plot the outlook for the cash rate from 4 hikes to 2 this year.…
The Federal Reserve released a dovish statement that including lower outlook for the Fed’s fund rate in 2016-2018 and even the terminal rate was reduced by 0.25 bp to 3.25%. So without making any changes its cash rate or introducing…
Precious metals will face another stormy week with the upcoming FOMC meeting. Following the latest ECB monetary meeting that concluded with rate cuts and augmented QE program, gold and silver moved in an unclear trend on a weekly scale and…
The market expected a lot from Draghi and he sure delivered in the recent ECB meeting for more QE and lower rates. This week, the focus will shift back to the U.S. with the FOMC meeting. But there are also…
Gold and silver started off March with a bang: Their rally came even though the U.S. dollar didn’t do much against the Euro or the Yen, and the long term interest rates starts to rise again. Even the recent NFP…
The latest NFP came again with a mixed bag: Higher than expected growth in jobs – 242K vs. expected 195K – but lower wage growth – only annual rate of 2.2%. In the end, the USD and equities slightly rallied…
The labor isn’t progressing smoothly as indicated by the latest U.S. non-farm payroll: It showed a much higher than expected headline figure: 242K jobs were added in February. The ADP reported a gain of 214K jobs; the market anticipated 195K…
The recovery of the U.S. dollar – in part due to growing concerns over a Brexit and several better-than-expected U.S. data figures such as GDP for Q4 – held back gold and silver prices. Some of the positive U.S. reports…