Data revealed that manufacturing activity in the United States shrank in November. The PCE price index grew 6.0% in the year ending in October after rising 6.3% in September. Precious metals may benefit from Friday’s jobs data meeting or falling short of expectations. After a rough day on Thursday, precious metals pulled back slightly on Read More…
Precious metals continue to rally after FOMC minutes. Long-term US Treasury yields fall to a more than seven-week low. Investors are leaning towards a 50bps Fed hike in December. The prices of precious metals rose on Friday as markets continued to assess the Federal Reserve’s dovish signals. Long-term Treasury yields in the United States fell Read More…
Gold prices are falling on a hawkish Fed tone, boosting the Dollar. US retail sales rose more than expected in October, showing resilient consumer spending. US Jobless claims fell last week, indicating a tight labor market. Gold and silver prices fell on Thursday as the Dollar rose in response to recent remarks from US Federal Read More…
