- Slack continues to build in the U.S. Labor market as the number of American workers applying for first-time unemployment benefits remains at elevated levels. However, the gold market is seeing little reaction to the latest labor market data. - Gold prices are slightly lower and silver modestly up in early U.S. trading Thursday. Both precious metals are pausing ahead of another busy day for U.S. economic reports.
If the boomers’ spending cushion and the Fed’s medium-high rates combine to accomplish nothing other than preventing mass unemployment, this would still be among the least damaging downturns in modern history and one of the greatest macroeconomic stories ever told. - This 5-minute bar chart for Comex gold futures can be a valuable analytical and trading tool for the active intra-day gold futures trader/market watcher. - Thursday, May 16—May bitcoin futures prices are firmer in early U.S.
– Sky-high imports, unprecedented ETF demand, and elevated price premiums show that China’s gold market continues to lead the world, but high prices look set to depress jewelry demand and slow central bank purchases, according to Ray Jia, China Research Head at the World Gold Council.S&P Global Rankings sees great promise in real-world asset tokenization, saying it will help improve liquidity and usher in a new era of innovation for asset management.
Bitcoin’s price spiked above $64,000 in early trading on Wednesday after the latest U.S. CPI report fell in line with expectations, boosting hopes for an interest rate cut.
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