2024

The Bureau of Labor Statistics’ February CPI release had an immediate impact on markets this morning; gold spot prices decreased by more than 1% to trade in the $2,165 range. Similarly, silver spot prices dropped to trade in the low $24 range. The February CPI release showed a 3.2% rise over the previous 12 months […]

The PCE Report release today pushed gold prices up, trading in the $2,060 range. Silver prices are also on the rise, trading close to $23. The fear of inflation increases were put to rest with the latest PCE report. Inflation rose in line with economists’ expectations of .04% for the month and 2.8% on an […]

Today’s FOMC meeting confirmed no rate cuts. Gold prices trended slightly upwards but down from daily highs, closing around $2,050 after the news. Silver prices are trading lower, closing around $23. Fed Chair Jerome Powell’s speech today reiterated the decision to keep rates unchanged. The committee intends to lower the target federal funds rate once […]

The Bureau of Labor Statistics CPI release led to slight market fluctuations today. Gold prices were trending in the $2,040 range earlier this morning but fell to $2,025 due to the strengthening of the dollar. Silver prices also dipped to the mid $22 range, continuing a 4-week gradual decline. The Consumer Price Index rose 3 […]