December gold futures were last down $5.60 an ounce at $1,222.40. December Comex silver was last down $0.257 at $14.245 an ounce. silver prices are sharply lower in early U.S. trading Friday, pressured by a firmer U.S. dollar index on and sharply lower crude oil prices.
Gold Silver Reports (GSR) – New York Fed President John Williams said the Federal Reserve “will be likely raising interest rates somewhat.” The recent winning streak began when Fed Chairman Jerome Powell warned last Wednesday of slowing demand abroad, fading fiscal stimulus at home and the lagged economic impact of the Fed’s past rate increases, suggesting that a pause in tightening may well come in 2019.
Silver Price Today Hits Record – The white metal’s price increase is driven by optimism over a potential Federal Reserve interest-rate cut in December, strong inflows into bullion-backed exchange-traded funds, and ongoing supply constraints, as per a Bloomberg report.
Gold Silver Reports (GSR) – US initial claims for state unemployment benefits decreased 3,000 to a seasonally adjusted 218,000 for the week ended June 16, compared with the expected 220,000. Claims have now declined for four weeks in a row, pointing to a further tightening of the labour market.
Silver Spot Below $16.25 Level No Buying @all, Only Panic-Panic-Panic – Tips Buy Neal Bhai
Gold Silver Reports (GSR) – Gold Spot Next Week Move Up or Down? – Because of gold’s potential next week, Baruch said that he sees two strategies that could be potential winners. He added that the key is for investors to control their risks, which is why he prefers to play gold through the options market.
Neal Bhai MFA Technical Analyst – MCX Silver Tips Below 40100 Only Sell, Silver MCX Trading Zone 39200-40100 – U.S. retail sales increased marginally in April as rising gasoline prices cut into discretionary spending, but consumer spending appeared on track to accelerate after slowing sharply in the first quarter. Federal Reserve Chair Jerome Powell’s top deputies are edging toward a clash that could shape the pace of interest-rate hikes in coming months, as well as how the Fed should prepare for and combat the next economic downturn.