uraniumoutlook
The gold price was on the move this week, approaching US$2,400 per ounce on Friday (July 5). The yellow metal was reacting to soft June US jobs numbers, which have boosted expectations that the US Federal Reserve may cut interest rates when it meets in September. Data shows that non-farm payrolls increased by 206,000 new jobs in June, slightly above than the 190,000 expected by economists polled by Reuters. The Department of Labor also made revisions to April and May jobs data — growth for April was revised down to 108,000 new jobs compared to 165,000 previously, while growth for May was broug...
Investing News Network
Strength in the US dollar briefly pushed the gold price below US$2,300 per ounce midway through the week, but the yellow metal soon bounced back, finishing Friday (June 28) at the US$2,325 level. The latest US Personal Consumption Expenditures (PCE) price index data came out that day, and it shows that in May core PCE was up 0.1 percent month-on-month and 2.6 percent year-on-year — in line with expectations. PCE is the US Federal Reserve's preferred measure of inflation, and can help shed light on its interest rate plans. “The lack of surprise in today’s PCE number is a relief and will be welc...
Investing News Network
The gold price rose as high as US$2,366 per ounce on Thursday (June 20), but had fallen back to the US$2,325 level by Friday (June 21) morning, looking set to end the week relatively flat. Its price increase came as US jobless claims fell by 5,000 to reach 238,000 in the week ended June 15; meanwhile, single-family housing starts fell by 5.2 percent in May. The data has boosted interest rate cut expectations for the fall. Central bank buying has provided major support for the gold price in recent months and years, and a new survey from the World Gold Council (WGC) indicates that 29 percent of ...
Investing News Network
Speaking to the Investing News Network, Ben Finegold, director at Ocean Wall, shared his latest thoughts on uranium, covering supply and demand dynamics and his outlook for prices in 2024 and beyond. In his view, the market has only reached its third inning, meaning the story is nowhere near over. While investors will need to be more selective, Finegold remains bullish on the uranium spot price and sees uranium stock opportunities too. "You've got the supply side as fragile as it is, and you've got demand really starting to kick into gear over the next decade. And then you can throw (small mod...
Investing News Network
Nick Hodge, publisher at Digest Publishing, shared his latest thoughts on gold, silver, copper and uranium. Speaking first about the yellow metal, he said he sees it maintaining its bullish edge. "Gold is starting to check technical milestones. It's checking technical boxes that tell broader, more generalist investors that gold is emerging from a bear market, and it starts to beget or attract capital simply because it's going up," Hodge explained. While silver is currently lagging behind gold, it's starting to move based on a shift in perspective. "What's happened is that silver is being treat...
Investing News Network
閲覧を続けるには、ノアドット株式会社が「プライバシーポリシー」に定める「アクセスデータ」を取得することを含む「nor.利用規約」に同意する必要があります。
「これは何?」という方はこちら