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The Precious Metals Week in Review – December 6th, 2024.

The Precious Metals Week in Review – December 6th, 2024

Job openings in the U.S. increased to 7.74 million in October, surpassing expectations, while the trade deficit narrowed significantly to $73.8 billion. The Federal Reserve’s role in economic policy has shifted, with prospects for economic growth remaining positive into 2025. Overall, stability and caution mark current economic conditions.

The Precious Metals Week in Review – November 29th, 2024.

The Precious Metals Week in Review – November 29th, 2024

Stocks rose ahead of Thanksgiving, with key economic indicators like inflation and GDP in focus. Oil prices may decline as OPEC+ discusses production delays. U.S. consumer sentiment improves, while new home sales plummet. Precious metals fell due to easing geopolitical tensions. Volatility remains as investors seek diversification amidst uncertainties.

The Precious Metals Week in Review – November 22nd, 2024.

The Precious Metals Week in Review – November 22nd, 2024

Last week, U.S. stock markets experienced significant declines, influenced by inflation data and Federal Reserve comments, despite earlier gains. Gold prices rose due to geopolitical tensions, while corporate earnings growth forecasts were cut. Meanwhile, unemployment claims fell, suggesting job market resilience, and crude oil prices dropped amid supply concerns.

The Precious Metals Week in Review – November 15th, 2024.

The Precious Metals Week in Review – November 15th, 2024

The Federal Reserve recently cut short-term interest rates amid declining inflation and optimistic market conditions. Silver demand is projected to rise due to industrial use, while oil faces pressure from oversupply signals. The labor market remains strong despite recent job growth slowdown, influencing potential future rate adjustments.

The Precious Metals Week in Review – November 8th, 2024.

The Precious Metals Week in Review – November 8th, 2024

Investors are anticipating a 25-basis point rate cut by the Federal Reserve amidst mixed economic signals. Oil futures surged following OPEC+’s production cut delay and geopolitical tensions. Nvidia joined the Dow, reflecting its market significance despite challenges. Unemployment claims increased slightly, signaling stagnant job growth, while consumer sentiment improved slightly.

The Precious Metals Week in Review – November 1st, 2024.

The Precious Metals Week in Review – November 1st, 2024

Gold has surged 35% this year, driven by geopolitical conflicts, Federal Reserve actions, and strong central bank demand amidst U.S. political uncertainties. Meanwhile, the U.S. economy grew at 2.8% in Q3, lower than expected, while consumer confidence rose significantly. Job openings fell, reflecting a cooling labor market, and concerns over electric vehicle sales persist.

The Precious Metals Week in Review – October 25th, 2024.

The Precious Metals Week in Review – October 25th, 2024

Gold and silver prices are surging due to safe-haven demand amid geopolitical tensions and economic uncertainty, with gold reaching a record $2,758.49. Demand for gold is also spurred by inflation concerns, as seen in retail sales at Costco. Investors are diversifying portfolios, increasing the appeal of precious metals as a hedge.

The Precious Metals Week in Review – October 18th, 2024.

The Precious Metals Week in Review – October 18th, 2024

Minneapolis Fed president Neel Kashkari indicated modest interest rate cuts are likely, citing a strong job market. Meanwhile, gold prices surged, driven by central bank demand and lower interest rates. Investors expressed caution, leading to decreased homebuying and mortgage refinancing, amid fears of a potential recession and escalating U.S. national debt.

The Precious Metals Week in Review – October 11th, 2024.

The Precious Metals Week in Review – October 11th, 2024

Markets experienced volatility linked to Middle East tensions and a port strike, yet a strong September jobs report kept stocks marginally positive. Upcoming week highlights include the October CPI, consumer sentiment updates, and major Q3 earnings from financial giants. Mortgage refinancing activity declined amid rising rates, while consumer sentiment weakened.

The Precious Metals Week in Review – October 4th, 2024.

The Precious Metals Week in Review – October 4th, 2024

The September jobs report is expected to provide insights on a cooling labor market, with unemployment rising to 4.2% and job openings at a low since January 2021. Gold prices stabilize after soaring on a U.S. rate cut, while geopolitical tensions drive oil prices higher. Hydrogen investments face challenges from high costs, and geopolitical issues impact markets. The U.S. labor market exceeds expectations with 254,000 new jobs. Dockworkers strike amid automation concerns, potentially disrupting supply chains. Despite volatility, investors diversify portfolios with precious metals for stability.