Gold Silver Reports – Japan Inflation Picks Up in November But Still Well Below Target — Japanese inflation unexpectedly sped up in November but prices are still rising at less than half the rate targeted by central bank.
Global Economic
Global Economic – The global economy is the worldwide system of trade, production, and finance that connects countries. It involves the exchange of goods, services, and money across borders, driven by businesses, governments, and consumers. This system shapes jobs, wealth, and growth everywhere.
U.S. Jobless Claims Rise by Most Since Storms to Five-Week High
Gold Silver Reports – U.S. Jobless Claims Rise by Most Since Storms to Five-Week High – U.S. filings for unemployment benefits jumped to the highest in five weeks, though the level remained low by historical standards, Labor Department figures showed Thursday.
Key Takeaways
The latest period encompasses the reporting week that the Labor Department surveys for its monthly employment figures, which includes the 12th of the month. The four-week average is still below its 240,000 level for the previous survey week in November.
Cornyn Says Tax Bill Mandate Repeal Makes Obamacare ‘Unworkable’
Gold Silver Reports – Cornyn Says Tax Bill Mandate Repeal Makes Obamacare ‘Unworkable’ – The No. 2 Senate Republican said Tuesday that the GOP’s tax bill will make Obamacare “unworkable,” which he hopes will force Democrats into negotiations to replace the law.
Goldman Says Growth Is Bigger Fed-Hike Factor Than Market Thinks
Gold Silver Reports – Investors have been underestimating the importance of U.S. economic growth for Federal Reserve policy, and giving too much relative emphasis to inflation and wage data that have tended to disappoint expectations, according to Goldman Sachs Group Inc.
Aadhaar Mandatory Linking: Supreme Court Extends Deadline to 31 March
Gold Silver Reports – Aadhaar Mandatory Linking: Supreme Court Extends Deadline to 31 March – The Supreme Court on Friday extended deadlines for linking of Aadhaar with mobile services and opening of new bank accounts till 31 March 2018.
Fed Spells Relief for Gold Traders Worried Over Rate-Hike Pace
Gold Silver Reports – Spot gold headed for the biggest gain in three weeks after Federal Reserve officials stuck with a projection for three interest-rate increases in the coming year, easing concerns that quickening economic growth would spur an even faster pace of monetary tightening.
Indian Inflation Spike Hits Bonds, Spurs Rate Policy and Fiscal Worries
Gold Silver Reports – Indian Inflation Spike Hits Bonds, Spurs Rate Policy and Fiscal Worries – India’s benchmark 10-year bond hit its lowest in more than 16 months on Wednesday, as investors saw surging inflation as a potential threat to a still-struggling economy and a daunting challenge to policymakers.