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🌟 Price Gains for Gold and Silver After U.S. Jobs Data 🌟

In early U.S. trading, gold and silver prices surged following a closely watched U.S. economic report. The report revealed that the U.S. economy is not overheating, aligning with market expectations. Here are the key points:

  • Gold: August gold rose by $10.60 to $2,380.00.
  • Silver: July silver increased by $0.157 to $30.69.

The U.S. employment situation report for June showed an addition of 206,000 jobs—very close to the expected 200,000. The unemployment rate ticked up slightly to 4.1%. This report favors U.S. monetary policy doves who advocate for earlier interest rate cuts by the Federal Reserve.

Other market highlights:

  • Asian and European stock indexes were mixed.
  • U.S. stock indexes are set for slightly firmer openings.
  • The U.K. elections resulted in Labour’s victory, bringing stability after years of volatility.

Technical outlook:

  • Gold: Bulls aim for a close above $2,406.70, while bears target support at $2,300.00.
  • Silver: Bulls seek to breach $32.00, while bears watch the June low at $28.90.

Stay informed and make informed decisions! 💎📈


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🌐 U.S. Monetary Policy Explained

The U.S. monetary policy refers to the actions taken by the Federal Reserve (the central bank of the United States) to manage the country’s money supply, interest rates, and overall economic stability. Here are the key points:

  1. Interest Rates:
    • The Federal Reserve sets the target federal funds rate, which influences short-term interest rates.
    • Lower interest rates encourage borrowing, spending, and investment, stimulating economic growth.
    • Higher interest rates help control inflation by reducing spending and credit availability.
  2. Open Market Operations:
    • The Fed buys or sells government securities (bonds) in the open market.
    • Buying bonds injects money into the economy, while selling bonds withdraws money.
    • These operations impact the money supply and interest rates.
  3. Reserve Requirements:
    • Banks must hold a certain percentage of their deposits as reserves.
    • Adjusting reserve requirements affects the amount of money banks can lend.
  4. Quantitative Easing (QE):
    • During crises, the Fed may buy longer-term securities to boost liquidity and support economic recovery.
    • QE increases the money supply and lowers long-term interest rates.
  5. Forward Guidance:
    • The Fed communicates its future policy intentions to guide market expectations.
    • Clarity on rate hikes or cuts influences investor behavior.
  6. Inflation Targeting:
    • The Fed aims for stable prices and moderate inflation (around 2% annually).
    • It adjusts policy to achieve this target.

Remember, the U.S. monetary policy plays a crucial role in shaping economic conditions, affecting everything from mortgage rates to stock market performance.

Click here to read to full article on Kitco.

Posted in: News, Precious Metals

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