Precious Metals
Gold Suffers Second Losing Month
Gold decreased Thursday, and notched another losing month, after as-expected U.S. inflation and weaker jobs numbers reinforced expectations that the Federal…
Gold decreased Thursday, and notched another losing month, after as-expected U.S. inflation and weaker jobs numbers reinforced expectations that the Federal Reserve will keep interest rates on hold this year.
Gold settled down 0.36% at $1,965.9 U.S. per ounce, and finished 2.16% lower for the month for its third negative month in four.
Inflation as measured by the personal consumption expenditures (PCE) price index rose 0.2% last month, matching June’s gain. In the 12 months through July, the PCE price index increased 3.3%, after advancing 3.0% in June.
U.S. consumer spending, which accounts for more than two-thirds of the country’s economic activity, accelerated in July.
Weekly initial jobless claims fell 4,000 to 228,000. That compares with a four week average of 237,500.
Bets on the Fed leaving rates unchanged in September stood at 88.5%, while bets of a pause in November were at 56%.
Silver eased 1.16% to $24.81 U.S. per ounce, after climbing to a more than one-month high on Wednesday.
Platinum settled down 0.91% to $974.40 U.S. and notched its second consecutive monthly gain.
Canadian Silver Co. Will See Big Changes in 2024
Source: Michael Ballanger 12/22/2023
Michael Ballanger of GGM Advisory Inc. takes a look at the current state of the market and shares on stock…
EGR options out Urban Berry project in Quebec to Harvest Gold – Richard Mills
2023.12.23
EGR Exploration Ltd. (TSXV: EGR) has moved from owner to shareholder at its Urban Berry project in Quebec, this week announcing it is optioning…
Crypto, Crude, & Crap Stocks Rally As Yield Curve Steepens, Rate-Cut Hopes Soar
Crypto, Crude, & Crap Stocks Rally As Yield Curve Steepens, Rate-Cut Hopes Soar
A weird week of macro data – strong jobless claims but…