USA non-farm payroll is strong, China central bank stops buying, gold suffers from a "double strike"!
On Friday, the price of metal fell below $2,300 per ounce, marking the largest drop in nearly three years. Silver plummeted 7%, and basic metals such as copper, nickel and aluminum also fell sharply.
Stocks Reclaim Record Highs As Jobs Data Fuels Growth Optimism; Gold, Bonds Tumble As Yields Rise: What's Driving Markets Friday?
Wall Street returned to reclaim record highs on Friday after a stronger-than-expected jobs report.In May, the increase in non-farm payrolls rose by 272,000 units, a jump from 165,000 and significantly
Wall Street Reacts To Hot Jobs Report: Stocks Swing As Traders Abandon July Rate Cut Hopes
The May labor market report delivered hotter-than-expected numbers in terms of job gains and wage growth.Last month, U.S. employers added 272,000 nonfarm payrolls, a sharp increase from April's 165,00
Shares of Precious Metals Companies Are Trading Lower Amid a Drop in Gold and Silver Following US Economic Data.
Shares of Precious Metals Companies Are Trading Lower Amid a Drop in Gold and Silver Following US Economic Data.
Will the gold bulls be able to make a strong push as the non-farm payroll impact explodes tonight?
The market may shift its focus from inflation to the labor market. Will tonight's data reignite expectations of a Fed rate cut in July? The path of least resistance for gold resistance may still be upwards!
A heavyweight news "ambush" before non-farm payrolls! The gold price dropped by $20 in a short period of time.
China's central bank's gold reserves ended 18 consecutive increases, scaring off gold bulls! Will the future of gold prices face a major upheaval?
Silver spot prices surge 4%, signaling a counterattack with multiple factors contributing to the explosive growth of related metal assets.
①Spot silver rose more than 4%, reaching a high of $31.30 per ounce, the highest this month; ②The International Energy Agency's annual World Energy Investment Report predicts that global spending on clean energy technology and infrastructure is expected to reach $2 trillion in 2024.
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Should we still pursue gold when its price is so high? World Gold Council: Central banks around the world are still buying...
Many metals traders may have been thinking in the past two months whether they should buy gold when the price is already so high. However, from the latest disclosed information, at least global central banks were not scared off by the high price during the hot trend of gold price in April...
Market sold off? Despite bullish data, gold temporarily dropped below the $2320 threshold.
Despite the good news from the US labor market, there seems to be a pervasive sentiment of "selling everything" in the market.
Shares of Precious Metals Companies Are Trading Lower Amid a Drop in the Price of Gold and Silver.
Shares of Precious Metals Companies Are Trading Lower Amid a Drop in the Price of Gold and Silver.
US Treasuries and gold both rose overnight! Signs of a slowdown in the US economy have emerged, further fueling expectations of interest rate cuts.
At this key moment when the global easing wave is expected to sweep through, the market seems to be undergoing a transformation in its pricing of the interest rates set by the Federal Reserve.
US manufacturing PMI has slowed down for the second consecutive month! Gold once stood at 2340.
Due to high loan costs, limited enterprise equipment investment, and weak consumer spending, the manufacturing industry in the USA is struggling to gain growth momentum.
UBS: Buy gold below 2,300 at will, and increase your position on copper when it falls
UBS pointed out that there is still room for gold, crude oil and copper to rise, and commodity gains are unabated.
The gold oil and copper bull market is not over yet! UBS: Commodities can rise another 10% in the next 6 to 12 months
① A team of analysts led by Solita Marcelli, Chief Investment Officer of UBS Global Wealth Management Americas, pointed out in the report that there is still room for further rise in commodity prices; ② According to the report, rising demand for oil and copper and increasing supply shortages may provide good support for prices within the next 6 to 12 months.
The gains in gold, silver, and copper have taken a break. How is the momentum going?
The upward trend in gold, silver, and copper is far from over. Gold bulls may challenge 2,600 dollars. When will silver actually catch up with gold? Copper may experience a period of consolidation before returning to gains.
While the US market was closed, the price of gold and silver rebounded strongly, and crude oil rebounded for two consecutive days
The peak travel season in the US and the OPEC+ policy meeting began, and two major catalysts for oil prices followed one after another. On Monday, oil prices rebounded at an accelerated pace, with an intraday increase of 1.3%. Meanwhile, the easing of inflation expectations, the possibility that the Federal Reserve will cut interest rates before the end of the year, and the central bank's continued strong demand for gold are all factors supporting the long-term bullish trend of gold. Wall Street is increasingly optimistic that the rise in gold and silver is not over. Gold prices rebounded this Monday, rising more than 1%.
Gold once broke the 2355 mark! Analyst Warns: Potential Selling Pressure!
In the US market on Monday, Beijing time, spot gold continued its gains in the European market due to the escalation of geopolitical tension and the weakening of the US dollar, breaking the 2,355 mark. Spot silver once surged 4%, rising more than $1 during the day.
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