Why gold prices may be headed for record highs this year
Gold recently climbed to its highest prices in nearly seven months, feeding expectations that the precious metal is on track to notch record highs this year, after closing out 2022 with a modest loss.Gold “noticeably” appreciated by about $200 an ounce from November to the end of last year, and continued that trend in the […]
German factory orders fell in November to lowest level since July 2020
New orders at German factories declined sharply in November to their lowest level in more than two years, a sign of weakening demand for the country’s key manufacturing sector as the economy cools. Factory orders fell 5.3% on month in November, swinging from a 0.6% rise in October, according to price-adjusted data from the German […]
ADP says 235,000 private-sector U.S. jobs created in December
The numbers: Private-sector employment rose by 235,000 in December, payroll processor ADP said Thursday, in a sign that many companies are still hiring and the U.S. labor market remains strong. ADP reported a 182,000 increase in November. The increase in hiring was larger than expected. Economists polled by The Wall Street Journal had forecast a […]