labor department
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Consumer Price Index Rose in June, Inflation Creeping Up
- July 23, 2014
- Posted by: Orkan Ozkan
- Category: News
No CommentsAccording to data released by the U.S. Bureau of Labor Statistics on Tuesday, if you’ve noticed you’re spending more on everyday necessities such as food, shelter, clothing, and gas, you are correct. The Consumer Price Index (CPI), which measures the costs of consumer goods and services purchased by households and is arguably the best measure of inflation, increased
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Another Good Showing for Gold This Month
- August 30, 2013
- Posted by: Orkan Ozkan
- Category: News
Pending any major news for the rest of the week, gold is set to gain around 5% at the close of August. Recent news of the turmoil in Syria has given gold a boost over the past few days which pushed the price over the $1,430 per ounce mark. After this, gold curtailed some due
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U.S. Jobs Data, the Federal Reserve, and Gold
- June 7, 2013
- Posted by: Orkan Ozkan
- Category: News
After a couple weeks of solid gains for gold, the yellow metal fell about $30 per ounce during the morning hours of trade. A report by the U.S. Labor Department may give the Federal Reserve enough reason to slow down its ongoing monthly bond buying program. Today’s slip in prices for precious metals reflects investors’
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