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.
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 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.
Gold prices are just slightly up and silver prices are lower in early U.S. trading Tuesday, as a big and busy week of U.S. economic reports lies ahead.
Gold prices are solidly up and hit another record high in early U.S. trading Tuesday. Silver prices are also on the march higher and hit a four-week high overnight.
Gold rallied toward a record as expectations for Federal Reserve rate cuts grow and traders ramp up bets on a second Donald Trump presidency
Amid a lack of fresh, markets-moving news to start the trading week, the precious metals market traders are looking at the key “outside markets” that are leaning friendly for metals prices.
Gold and silver prices are sharply higher, with gold hitting a record high and silver a three-year high. The general marketplace is very uneasy heading into the weekend, as geopolitical tensions have heated up just recently.
The U.S. economy added 187,000 jobs in August, while unemployment unexpectedly increased as the labor market continued to show signs of cooling, data from the Bureau of Labor Statistics showed Friday.
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