The team at Gainesville News is dedicated to bringing you relevant updates and analysis about the precious metals markets, as well as news in the broader financial markets. Our reporting reflects the crucial—and often overlooked—role that gold, silver, platinum and palladium play in the global economy, and how these metals interact with other assets and economic developments. We want to empower our readers with the latest information and industry perspectives on important events affecting the markets. We also provide occasional stories concerning geopolitics, important domestic developments, and other topics of interest. We always strive for objectivity and accuracy. Due to their diverse knowledge and professional backgrounds, our contributors also share their opinions where such insights may apply.
The precious metals sank Friday right along with the stock markets thanks to nonfarm payrolls beating expectations and steeper wage growth. This increases the likelihood of more rate hikes from the Federal Reserve.
More trouble for emerging markets helped lift the precious metals modestly Thursday morning. Initial jobless claims hit nearly a five-decade low while the monthly nonfarm payrolls will be reported Friday.
Trade war fears reared their ugly head again Wednesday, driving global stocks and most emerging markets lower. The dollar also fell, which provided a modest lift to the precious metals.
The precious metals plunged at the opening bell Tuesday as U.S. markets reopened following the Labor Day holiday. Trade tensions rocked emerging markets, driving the dollar higher at the expense of gold and silver.
President Trump recently tweeted that impeaching him would result in a stock-market crash. As the potential for impeachment can no longer be ignored, investors can prepare for a potential market disruption by owning precious metals.
After years of keeping the story secret to allow researchers to study the site, news outlets in the U.K. are finally reporting on a hoard of first-century Roman silver coins found in Yorkshire.
Global stocks traded lower for the second straight day heading into the long holiday weekend due to Labor Day. Meanwhile, the precious metals were mostly unchanged in early trading.
Core inflation hit the 2.0% milestone in the U.S. and Germany, but the precious metals were mostly unchanged in early trading Thursday. Stocks in the U.S. traded at all-time highs but markets fell in Europe.
After falling late in the afternoon Tuesday, the precious metals inched higher again amid choppy trading Wednesday morning. Bond yields were mostly unchanged while stocks continued to rally.
The precious metals were mostly unchanged Tuesday morning. Gold prices held steady above $1,210 per ounce. Stocks continued to rally while the dollar slipped again.