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.
The Precious Metals Week in Review – August 16th, 2024
The gold market continues to see some technical buying amid a bullish chart posture.
The Precious Metals Week in Review – March 15th, 2024
1. Gold’s new high signals global central banks are likely accumulating the precious metal to diversify away from the dollar, as persistently large fiscal deficits threaten to erode its real value and lead to more inflation. Gold’s move has been broad as well as pronounced with the precious metal making 50-year highs versus three-quarters of…
The Precious Metals Week in Review – December 15th, 2023
Gold is expected to be the best-performing asset in the precious metals sector in 2024 as the world faces a potential recession.