One reduction in the benchmark interest rate would be “appropriate” by the end of the year so long as current data pointing to a slowdown in inflation holds steady, a Federal Reserve official said Monday. Philadelphia Federal Reserve President Patrick Harker also cautioned in a speech that the Fed was still “surrounded by an air…

Gold and silver dipped slightly in early morning trading Monday as investors awaited critical data later this week on retail sales, new home construction, and a report card on the health of the country’s manufacturing and service sectors. With several members of the Fed also scheduled to deliver public comments later this week, Wall Street…

Gold and silver traders searched for stability last week on a stronger dollar, and the unanimous decision by the Federal Reserve to leave 23-year-high interest rates unchanged in favor of more data showing the economy was truly making a sustained effort to reach policymakers’ desired 2% inflation target. The Fed also indicated during last Wednesday’s meeting that traders…

Gold and silver traded higher Friday morning following a report that showed a dramatic decrease in the price of U.S. imports – the first monthly drop since last December and the latest sign this week that inflation may finally be on the retreat.  The U.S. Bureau of Labor Statistics reported that prices for U.S. imports decreased 0.4%…

A government report released Thursday showing an unexpected decline in consumer prices last month provided a second piece of critical evidence in as many days that inflation was cooling off and bolstered calls for federal policymakers to reduce interest rates sooner than later.  The Producer Price Index (PPI) issued by the U.S. Bureau of Labor Statistics found…

The Federal Reserve left interest rates unchanged for a seventh straight meeting on Wednesday, saying the U.S. economic outlook remained “uncertain” even with a better-than-expected report indicating that inflation was cooling. The unanimous decision by the Federal Open Market Committee came several hours after the U.S. Bureau of Labor Statistics reported that inflation retreated slightly last month, declining to…

Gold and silver traded higher Wednesday morning, following a new report showing inflation retreated slightly last month. This boosted confidence among investors that Federal Reserve officials might be more inclined to cut interest rates sooner rather than later.  The Consumer Price Index released by the U.S. Bureau of Labor Statistics declined to a 3.3% annual rate in…

U.S. small business owners continued to be less optimistic about the state of the economy in May, with many citing stubborn inflation as the reason for the negative sentiment, according to a new report released Tuesday. The findings paint a challenging – if lately familiar – backdrop going into Wednesday’s Federal Open Market Committee meeting…

Through most of last week, investors seemed cautiously optimistic that the Fed would finally step in and start cutting interest rates by September – making the first of the three rate reductions it once estimated were in store for 2024. Reports released on job openings and private business payrolls had pointed to a shaky, if…

Heading into the weekend, some investors were easing on the doomscrolling because gold and silver had largely weathered a string of dismal news on a weakened labor market. Then Friday took a wrecking ball to the whole thing with the U.S. Bureau of Labor Statistics report detailing payroll additions that trounced Wall Street expectations. That data sent…

Gold continued to slide in Friday trading after a stronger-than-expected U.S. jobs report rallied the dollar and all but crushed hopes for an interest rate cut that had figured to come as early as September. Gold sunk 2.72% in morning trading, down $64 to trade at $2,312 per ounce on the heels of data from…

Increased signs of a cooling labor market pushed precious metals higher in Thursday trading as a week of disappointing economic data continued, putting even more pressure on federal monetary officials to address the slide when they meet next week. Gold was up nearly $23 at $2,377 per ounce and silver was trading $1.17 higher at…

Gold and silver traded higher Wednesday morning after a closely watched report pointed to widening cracks in the U.S. labor market. Gold was up $22 at $2,351 per ounce and silver was making small gains, up $.25 at nearly $30 an ounce after data from the ADP National Employment Report showed that private payrolls added…

Gold and silver dipped in early trading Tuesday on the heels of a report showing the number of U.S. job openings sunk to a three-year low last month, revealing continued fragility in the labor market a week before federal monetary policy officials meet in Washington to assess the economic headwinds. Gold was down $22.48 at…

In a shortened trading week, gold and silver were rattled by hawkish “Fedspeak” and economic data that again reflected inflation’s vice grip on the U.S. economy, despite a robust job market and improved financial footing across several key sectors. But all told, both metals still delivered an impressive month of May. Meanwhile, federal policymakers said…

Gold and silver prices fell in early trading Friday after the Fed’s preferred gauge to measure inflation showed that cost pressures remained elevated last month – likely shutting a door on the chance of policymakers trimming interest rates anytime soon. Gold was down more than $14 at $2,329 an ounce while silver dipped $0.8 to…

Gold prices were trading lower, and silver remained near-steady Wednesday after a Federal Reserve official refused to rule out future rate increases. Gold was down $19.41 at $2,340.48 while silver held even at around $32 on remarks Tuesday by Federal Reserve Bank of Minneapolis President Neel Kashkari, who left the door open to increases.“I don’t…

Excitement is in the air here at JM Bullion as we are set to join forces with the Andretti Global Team for an electrifying debut at the 108th Running of the Indianapolis 500!  We are stepping into the fast lane of motorsports as the official precious metals trading partner and sponsor of the No. 98…

The economic data is starting to get dire and indicates the consumer part of the economy is taking a nosedive. We will get into details in the Macro View section of the report. Gold and silver, as a result, are holding up quite nicely. While gold and silver are fading this week, having some perspective…

Gold just hit an all-time high in Renminbi, the Chinese currency. I have been reporting on the Shanghai gold exchange on our social media for a little over a year, and I believe I was one of the first precious metals analysts to do so. Well, now we see why other gold markets are important….

Gold and silver are range trading as we end the summer. The traders aren’t committing to any specific position. We appear to be stuck in this holding pattern with the metals for the last several months. We had nice bumps in gold and silver at the beginning of July and the end of August. You…

The precious metals markets are just sort of hanging around right now. No compelling bad news to drive the prices higher. We also have way too much skepticism by the average Joe and Sally on the economy for the metals to move lower. It feels eerily like 2007 before the financial crisis began. Back then…

Gold and silver rebounded last week after experiencing a late summer fade. I expected they would begin to turn around as we approach fall, but we are not quite there yet. It is encouraging that the precious metals prices have not floundered this summer despite the lack of very bad financial news. While the economy…

Well, what a difference a week makes! Gold and silver took it on the chin again, but this time a bit more than before. I will explain the how and why it happened, and issue a bit of a mea culpa. I mistakenly thought the market would not short the metals again so soon, given…

The launch of a new series of Zombucks Rounds has been met with incredible interest from both fans of the original series and those who are just discovering it for the first time. The original Zombucks Series featured representations of famous American coin designs as viewed through the lens of a zombie apocalypse. Now, the…