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Central banks buy 19 tonnes of gold in February, purchases slow but remain healthy – World Gold CouncilNothing's stopping gold, prices push above $2,300 as Powell strikes neutral tone but still signals rate cuts this year
- The gold market is holding on to gains Wednesday morning but could struggle to attract new bullish momentum as the U.S. labor market continues to fire on all cylinders, according to private sector payrolls processor ADP.Wednesday, ADP said that 184,000 jobs were created last month. The report beat expectations as consensus forecasts called for job gains of 148,000.The nation’s private sector labor market is seeing its best employment gains since August 2023.
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Goldman Says Commodities to Benefit as Central Banks Cut RatesCommodities will advance this year as central banks in the US and Europe move to reduce interest rates, helping to support industrial and consumer demand, according to Goldman Sachs Group Inc.
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Goldman Says Commodities to Benefit as Central Banks Cut Rates(Bloomberg) -- Commodities will advance this year as central banks in the US and Europe move to reduce interest rates, helping to support industrial and...
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interest in gold needs to spread beyond central banks says Wheaton Precious Metals’ Randy SmallwoodThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
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