Investors are anticipating a 25-basis point rate cut by the Federal Reserve amidst mixed economic signals. Oil futures surged following OPEC+’s production cut delay and geopolitical tensions. Nvidia joined the Dow, reflecting its market significance despite challenges. Unemployment claims increased slightly, signaling stagnant job growth, while consumer sentiment improved slightly.
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.
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.
Investors are seeking out buying opportunities from temporary price dips to add more physical precious metals into their portfolios.
It is relatively common that what should be recognized as a warning flag of major trouble is often ignored until things get so bad that it is almost impossible not to notice
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