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 – September 20th, 2024
U.S. stock indices fluctuated with FedEx earnings acting as a reality check after recent highs. Gold futures hit record prices over $2600 amidst economic uncertainty and anticipation of Fed rate cuts. Silver showed significant gains with a 10% rise, benefiting from positive investor expectations. The labor market showed improvement with a reduction in unemployment claims. Oil prices dipped despite a notable Fed rate cut, and currency trading saw significant movements with the USD/JPY rallying and EUR/USD facing pressure. Investors continued diversifying into precious metals as a hedging strategy.
The Precious Metals Week in Review – May 31st, 2024
Gold and silver prices are higher, with silver sharply up, in early U.S. trading Tuesday. Bullish daily outside-market forces are working in favor of the bulls to start the trading week.
The Precious Metals Week in Review – April 12th, 2024
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.