- The health of the U.S. economy is increasingly in doubt as the service sector continues to lose momentum, according to the latest data from the Institute for Supply Management released Friday morning. - Gold and silver prices are posting rallies in early U.S. trading Friday, in the immediate aftermath of a downbeat U.S. jobs report that falls into the camp of the monetary policy doves, who want to see U.S. interest rate cuts from the Federal Reserve this year. June gold was last down $1.
- The copper market is seeing some renewed volatility, but analysts note that a perfect storm continues to churn, as growing demand and dwindling supplies could push prices to record highs later this year.At the start of the week, July high-grade copper futures rallied to $4.6945 per pound. However, near-term momentum has shifted as prices have dropped to initial support at $4.50 an ounce and are down nearly 4% from their recent two-year highs.
-The gold market is holding solid gains above $2,300 an ounce but is not seeing any new momentum as the Federal Reserve maintains its restrictive monetary policy stance and warns that inflation remains a stubborn problem.Seeds of destruction - Can mining side step another bubble, wonders Newcore Gold’s Luke Alexander?Cryptos and stocks rebound after Fed holds rates steady, DXY and U.S. 10-yr.
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