Gold Silver Reports ~ China’s retail sales grew 11.2 percent during the week-long Lunar New Year vacation compared with the same holiday period last year, Ministry of Commerce data showed on Saturday.
Economic
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Yellen Acknowledged Weaknesses, Indicates Rates to Still Rise
Gold Silver Reports ~ Federal Reserve Chair Janet Yellen acknowledged weaknesses in the global economy in prepared testimony to Congress on Wednesday, but indicated that rates could still rise this year, albeit at a slower pace.
Janet Yellen; Fed Rate Hikes In Congress
Gold Silver Reports ~ Federal Reserve Chair Yellen will defend the U.S. central bank’s 1st rate hike in a decade and likely insist that further rises this year remain on track, albeit at a slower pace, when she addresses Congress on Wednesday.
Small Business Compensation
Small Business Compensation
The labor data is strong, Price data not so much
The labor data is strong. Price data not so much.
Are US Banks Well Capitalized?
Gold Silver Reports ~ The US economy has been growing at 2 percent real and perhaps 2.9 percent nominal for the past several years, said Bill Gross, portfolio manager at Janus Capital Group.
All Eye Focus This Week is on FED Chair Janet Yellen
Neal Bhai Reports ~ The focus this week is on FED Chair Janet Yellen’s testimony before the Committee on Financial Services and Committee on Banking, Housing, and Urban Affairs on the 10th and 11th of February.
Gold Gain, Global Economic Report Dims
Gold Silver Reports ~ Gold prices rose modestly in Asia on Friday with investors noting an overall soft global economy spurring easy monetary policies that are likely to remain in place for some time.
China GDP Grows at Slowest; Gold Slip
Gold Silver Reports ~ Gold slip mildly on Tuesday in spite of a slightly lower dollar as annual GDP in China grew at its slowest pace in a quarter century last year, dampening demand enthusiasm for the precious metal in the world’s second-largest economy.
World Stocks Market Up as Slowing China Growth
Gold Silver Reports ~ Shares in Europe and Asia rose and the dollar gained after data showing China’s economy grew last year at its slowest pace in a quarter of a century prompted investors to anticipate more efforts to spur growth.