Gold rose in thin U.S. holiday trading as investors digesting mixed domestic jobs data while mulling the outlook for Federal Reserve interest-rate moves.
The Precious Metals Week in Review – December 20th, 2024
Investors anticipate a likely Federal Reserve rate cut in 2024, but future cuts for 2025 are debated due to persistent inflation. The economy shows growth, evidenced by improved PMI readings and rising retail sales, despite volatility in crude oil and the Dow’s declines. The current account deficit hit a record high, affecting monetary policy expectations.
The Precious Metals Week in Review – December 13th, 2024
U.S. consumers anticipate higher inflation despite optimism about personal finances. The New York Fed notes improved income expectations, but the job market outlook weakens. Meanwhile, inflation data shows moderate increases, and concerns remain over mortgage rates, which are predicted to stay above 6%. Precious metals, including gold and silver, exhibit notable price movements amid market volatility.
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.