1. Volatility remained extreme this week as the trade battle between the U.S. and China continued unabated. Global bond yields extended their plunge this week as well, increasing the downward pressure on equity markets. 2. The seasonally adjusted number of Americans filing initial claims for state unemployment surged by 9,000 claims from the previous week’s…
The Federal Reserve’s interest rate decision was set up to be the primary driver for market moves this week until President Trump announced further tariffs on China on Thursday. Friday’s Non-Farm Payrolls report also added to market jitters as it seemed to reinforce the idea that the Fed could place further rate cuts in a holding pattern.
This week and next will be shortened holiday weeks due to the timing of religious holidays this year. With the release of the Mueller report, which found no collusion with Russia and no obstruction of justice on the part of President Trump during the 2016 Elections, American politics is likely to explode into chaos in the near term. The Democratic Party is almost certainly going to redouble their efforts to block President Trump’s legislative agenda at every turn now that the basis of their calls for impeachment has been essentially eliminated.
The Precious Metals Week in Review – January 19, 2018
The Precious Metals Week in Review – January 12, 2018
The Precious Metals Week in Review – January 5, 2018
The Precious Metals Week in Review – December 29, 2017
The Precious Metals Week in Review – December 22, 2017
The Precious Metals Week in Review – December 1, 2017
The Precious Metals Week in Review – November 24, 2017