
unemployment
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This Week in Gold: U.S. Dollar Infographic, Market Happenings
- October 3, 2014
- Posted by: Orkan Ozkan
- Category: Gold, Government, News, This Week in Gold
No CommentsThis week in gold, we shared an infographic depicting what $1 buys you then vs. now and covered notable movements in both the stock and gold markets. While markets may fluctuate, remember that physical gold is seen as a long-term investment offering real value and peace of mind that your wealth is protected. Infographic: “Then vs. Now:
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Did you hear the news? Gold at lowest level this year
- October 3, 2014
- Posted by: Orkan Ozkan
- Category: Gold, Government, News
Following reports that U.S. job growth rebounded in September, gold fell to its lowest price yet in 2014. Gold for December delivery fell by 1.9% to $1,192.30 an ounce on the Comex, its lowest price since December 31, 2013. The positive jobs data set off concerns that the Federal Reserve may raise interest rates in 2015,
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This Week in Gold: Mixed Economic Cues
- September 5, 2014
- Posted by: Orkan Ozkan
- Category: Currency, Gold, Government, News, Palladium, This Week in Gold
Gold was pulled in many different directions this week, facing economic cues such as the strength of the U.S. dollar, the European Central Bank’s latest activities, and a new jobs report. While gold is facing volatility, it’s important to remember that gold functions best as an asset you purchase and then leave alone for several years, knowing that
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Gold Higher on U.S. Jobs Data, ECB Making Moves, Dollar Still Strong
- September 5, 2014
- Posted by: Orkan Ozkan
- Category: Currency, Gold, Government, News
Gold for December delivery traded higher on Friday morning by 0.3% at $1,270.20 an ounce, up from $1,264 before the latest U.S. jobs data was released by the Labor Department at 8:30 a.m. EDT. Gold is being pushed in many different directions by economic cues such as a stronger U.S. dollar and the European Central Bank adopting a looser monetary policy. Here are the
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Gold Has Outperformed All Major Asset Classes This Year
- August 13, 2014
- Posted by: Orkan Ozkan
- Category: Gold, Government, News
The chart below from Reuters shows that gold, despite its somewhat disappointing performance lately, has still been outperforming all major asset classes this year. This can be attributed partly to the heavy amount of geopolitical risk present as of late – according to Zero Hedge, 11.7% of the world is at war right now
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What to Watch for at This Week’s Federal Reserve Meeting
- July 29, 2014
- Posted by: Orkan Ozkan
- Category: Gold, Government, News
It’s a big week for United States economic data, with the Federal Open Market Committee (FOMC) meeting on Tuesday-Wednesday, second quarter GDP figures being released on Wednesday, and employment data coming out on Friday. Markets are already reacting, with the 24-hour gold spot price reaching a one-week high of $1,312 per ounce early Tuesday morning, and
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Fed Statement Announces Downgraded Outlook on U.S. Economic Growth
- June 18, 2014
- Posted by: Orkan Ozkan
- Category: Government, News
We reported earlier today that gold was holding steady as the market was anticipating a statement from the Federal Reserve and a press conference by Janet Yellen, the Fed’s current Chairwoman. The statement, as expected, announced a downgraded outlook for the U.S. economy and a phasing out of its Quantitative Easing (economic stimulus) program. The Fed had
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Gold and Silver Make Sudden Rebound
- May 14, 2014
- Posted by: Orkan Ozkan
- Category: Gold, Government, News, Silver
Yesterday, May 13th, the gold spot price closed at $1294.80, while the silver spot price closed at $19.47. Today, gold and silver have made a sudden rebound after taking a hit earlier in the morning. But why the sudden change in such a short period of time? The Situation in Ukraine Gets Violent Ukraine has
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Gold Values Jump after Federal Reserve Meeting
- September 18, 2013
- Posted by: Orkan Ozkan
- Category: Gold, Government, News
Gold prices jumped today after todays Federal Open Market Committee (FOMC) meeting released their economic projection charts. The economic projection charts display actual and projected values for three economic variables based on FOMC participants’ individual assessments of appropriate monetary policy from 2008 to 2016: 1. Change in Real Gross Domestic Product (GDP)—as measured from the fourth quarter of the previous
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Gold, GDP, and the Economic Stimulus
- May 30, 2013
- Posted by: Orkan Ozkan
- Category: Gold, Government, News
For the first part of the week gold had trouble breaking past the $1400.00 per ounce mark. Today, gold has had no trouble staying above this barrier. Recent GDP data released as well as buzz around U.S. economic stimulus may be to thank for this recent jump. GDP and Unemployment Assistance According to the Department
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