Gold prices staged a turnaround on Friday, reversing the earlier decline and trading just above the $5,170 mark per troy ounce. The yellow metal continues to draw support from safe haven demand linked to tensions in the Middle East, although gains remain measured as investors weigh the prospect of higher inflation.
The initial reaction to the February U.S. nonfarm payroll report saw the dollar move lower after the headline employment figure came in weaker than expected. Job growth slowed and several sectors posted declines, including construction, manufacturing, and leisure and hospitality. The report was also weighed down by a sharp drop in private education and health services, partly tied to…
Gold prices staged a turnaround on Friday, reversing the earlier decline and trading just above the $5,170 mark per troy ounce. The yellow metal continues to draw support from safe haven demand linked to tensions in the Middle East, although gains remain measured as investors weigh the prospect of higher inflation.
The jobs report was a tough mess. It is just one month but it was not a good month. If we get several months like this data, it would be of concern. It is hopeful that we see continued progress on inflation. Hopeful that we can resume the rate cuts by the end of the year. Question is whether…
Gold prices staged a turnaround on Friday, reversing the earlier decline and trading just above the $5,170 mark per troy ounce. The yellow metal continues to draw support from safe haven demand linked to tensions in the Middle East, although gains remain measured as investors weigh the prospect of higher inflation.
For what it is worth, the US business and retail inventories for the month of December was released: Business inventories rose 0.1% versus 0.1% expected. Prior month was revised lower to 0.0% from 0.1%. Retail inventories rose 0.4% versus 0.2% last month. Details: Total sales (manufacturers’ shipments + distributive trade): $1,965.9B in December +0.5% m/m vs November 2025 +3.2%…
United States CFTC Oil NC Net Positions: 172.2K vs previous 172.7K
The price of crude oil has continued its sharp move to the upside. The current price is trading at $88.74. For the trading day versus the settle price from yesterday at $81.01: Price change: $88.74 − $81.01 = +$7.73 Percent gain: (7.73 ÷ 81.01) × 100 = +9.54% The high price extended to $89.62 just short of the $90…
Gold prices staged a turnaround on Friday, reversing the earlier decline and trading just above the $5,170 mark per troy ounce. The yellow metal continues to draw support from safe haven demand linked to tensions in the Middle East, although gains remain measured as investors weigh the prospect of higher inflation.
Fed Miran on CNBC is saying: Hesitant to read too much into one month jobs report. Policy is mis-calibrated monetary policy is too tight. Fed typically does not respond to oil prices. If anything biases me toward even more dovish policy. Hesitant to respond to oil prices until we know more It is hard to imagine what the new…
