Gold Silver Reports (GSR) — “Our economy is currently performing very well overall, with strong job creation and gradually rising wages,’’ Powell said in the text of a speech to be delivered to a housing conference in Washington on Thursday. “In fact, by many national-level measures, our labor market is very strong.’’
Global Economic
Economic Outlook Hits Trump-Era Low On Election Results, Dow Jones
The IBD/TIPP Economic Optimism Index slid 3.8 points to 52.6 in early December, matching April’s 2018 low. Even as wage growth has accelerated to a nine-year high, the six-month economic outlook sank to its lowest since just before President Donald Trump won the 2016 election. Midterm election results and recent weakness in the Dow Jones industrial average and overall stock market likely weighed on sentiment.
Fed Concerns Aren’t Over For the Market Yet
Trade relations between China and the U.S. overshadow most everything as stocks enter the month of December, but in the week ahead the Fed and U.S. economy come back into play with important Fed testimony and the November employment report.
Gold Not Ready For ‘Fly’ Despite Powell’s Dovish Comments – Gold Silver Reports
Gold Silver Reports (GSR) – Gold is not ready to break out of its trading range just yet. The Federal Reserve Chairman Jerome Powell is sending dovish signals into the marketplace.
Fed 100% Increase Interest Rates in December 2018 – Neal Bhai Forecast
The Fed is next schedule to meet in December. Currently the market has a 100% chance that the fed will increase interest rates when it next meets. The markets will now focus on March 2019.
G20 Meeting Could Trigger Rebound in Commodities Prices: Goldman
Gold Silver Reports (GSR) – “Given the size of dislocations in commodity pricing relative to fundamentals, with oil now having joined metals in pricing below cost support, we believe commodities offer an extremely attractive entry point for longs in oil, gold and base (metals),” the bank said in a note.
Gold Up on Concerns over growth; focus on Fed, G20
“People are moving some capital into gold at this time, given the uncertainties around the pace of rate hikes by the U.S. Federal Reserve, the U.S.-China trade war,” said Brian Lan, managing director at Singapore dealer GoldSilver Central.