Today’s Gold price per ounce Spot gold per gram price; Spot silver per ounce price precious metal news March 11, 2014 mid-day
Posted on | March 11, 2014 | No Comments
Gold price and silver price precious metal news review mid-day today March 11, 2014:
Investors opened this week to a mixed bag of economic and global news. Stocks in the U.S. were negatively skewed just one day after the February jobs report revealed that job additions were up as was the national unemployment rate. Morgan Stanley recently lowered its gold price forecast for 2014 due, in part, to the impact of the Federal Reserve’s stimulus reduction plan as well as regulatory pressures pushing investment banks to scale back commodity operations. Given this mixture of news and data, precious metal price trend-lines mixed as well. Gold contract price rose last session by .25 percent to 1,341.50 per ounce. Silver contract price dipped by .09 percent to 20.91 per troy ounce. Early this morning, spot gold and spot silver per ounce price trend-lines were climbing and by the mid-day mark, gold and silver prices were still tracking through positive territory.
Today’s Spot gold per gram and spot silver per ounce price review mid-day March 11, 2014:
May contract silver price was higher by .53 percent at 21.02 per ounce at mid-day. April contract gold price was higher by .40 percent at the electronic post of 1,346.80 per troy ounce at mid-day.
Today’s Contract gold price and contract silver price precious metal news review mid-day March 11, 2014:
Spot gold per gram and spot silver per ounce prices were still higher at mid-day. Spot gold per gram price was up to 43.27 and spot silver per ounce price was up to 20.95.
Today’s Dow Jones Industrial Average, Nasdaq, S&P 500 stock market news and close review; IBM and Boeing Google Finance quotes
Posted on | March 11, 2014 | No Comments
Stock market News and stock composite trends review today March 11, 2014:
The primary U.S. stock composites were pulled lower throughout the course of the opening trading session this week. Despite the better than expected job additions that posted via the February jobs report last Friday, market confidence remained mixed. The February jobs report was mixed as well as the unemployment rate ticked higher to 6.7 percent again. Despite the rise in the unemployment rate, some analysts still felt that the data was positive considering the pressures asserted on the economy via the recently harsh winter weather. In addition to the mixed bag of economic news, overseas markets grabbed investors’ attention last session. The Asian markets finished lower to open the week and markets in Europe finished mostly lower as well. Ultimately in the U.S., the primary stock composites stayed red and closed the opening session of the week in negative territory.
Today’s Dow Jones Industrial Average, Nasdaq, S&P 500 close review:
The S&P 500 came down from its last closing high to drop .05 percent last session to 1,877.17. The Nasdaq fell back last session by .04 percent to close at 4,334.45 as of last session close and the Dow Jones Industrial Average fell back last session by .21 percent to 16,418.68.
Boeing and IBM were laggards on the Dow last session. BA stock dropped lower by 1.28 percent to 126.89 and IBM stock dropped lower by .69 percent to 186.39 according to Google Finance quotes.
EUC Unemployment Benefit Extension Emergency Compensation News March 11, 2014; Unemployment Benefit Reform; Benefits Could be Withheld
Posted on | March 11, 2014 | 15 Comments
Unemployment Benefit Extension News review and Update today March 11, 2014:
Millions of Americans remain categorized as long term unemployed and many are without a federal unemployment benefit lifeline. EUC expired for over a million Americans on December 28, 2013, and more Americans exhaust their federal lifeline of support every week. Congress has made several attempts to pass a measure to extend benefits again for the long term unemployed but has not been successful. Legislation currently sits with the Senate as Democrats and Republicans attempt once again to find common ground and pass an emergency unemployment extension plan. The vote on the newest proposal is expected to take place during the latter half of this week. The new proposal, presented by a contingent of GOP Senators, includes reforms to the current benefit program which GOP Senator Rob Portman of Ohio believes will be necessary to gain the attention and votes needed for the measure to pass the Senate. The new proposal reform reportedly includes language that would prevent millionaires from drawing unemployment insurance benefits. It also would require state and federal agencies to assess those that are receiving the unemployment benefits. Part of this assessment would enable the state and federal government to support the job search process for the unemployed and help improve their job prospects and chances of finding gainful employment. The reform would also prohibit benefits from going to an unemployed American that had stopped looking for work or had turned down a paying job.
Posted on | March 11, 2014 | No Comments
Gold price and silver price trends and market session news review today March 11, 2014:
Gold per ounce price and Silver per ounce price tracked higher last session after posting losses the session prior. Although the February job additions were better than expected, the unemployment rate rose higher and perceptions of the data mixed. Additionally, last session, overseas stock indices dropped which further pressured stock composites in the U.S. Stocks dipped lower and precious metal safe havens like gold attracted more attention. Gold and silver price movement mixed as a result and gold contract finished the last full trading session with floor price gains.
The positive close for gold helped to boost average price gains over the course of the last several weeks for the precious metal. Gold and silver price change is positive according to one month price analysis. Gold price is up by 6.11 percent and silver price is positive by 4.84 percent.
Today’s Gold price per ounce and silver price per ounce contract close review:
April contract gold price rose higher last session by .25 percent to close at a floor price of 1,341.50 per troy ounce. May contract silver price fell back last session by .09 percent to close at a floor price of 20.91 per troy ounce.
Spot gold per gram and spot silver per ounce price review today March 11, 2014:
Spot gold per gram and spot silver per ounce prices mixed as of last session close. Spot gold per gram price posted higher at 43.09 and spot silver per ounce price was lower at 20.85.
Posted on | March 10, 2014 | 1 Comment
Today’s gold per ounce and silver per ounce trends and market session news review mid-day March 10, 2014:
Gold and silver prices tracked lower last session as investors’ interest in safe havens diminished. Investors gained additional confidence from the better than expected number of U.S. jobs additions for February. More jobs were added to the U.S. economy last month than were expected and this diminished the number of investors looking to move into precious metal safe havens. Both gold and silver contract prices closed the last full trading session in the red as a result. Gold contract price moved lower to 1,338.20 per troy ounce and silver contract price dropped lower to 20.93 per troy ounce last session. By the mid-day mark today, gold and silver price trend-lines were rebounding. Stocks were lower today after Asian markets closed distinctly lower.
Today’s Gold price per ounce and Silver price per ounce contract review mid-day March 10, 2014:
May contract silver price was higher by .01 percent at an electronic post of 20.93 at mid-day today. April contract gold price was higher by .40 percent at the electronic price post of 1,343.60 per troy ounce at mid-day.
Today’s Spot gold per gram and spot silver per ounce price review today March 10, 2014:
Spot gold per gram and spot silver per ounce prices were tracking higher at mid-day today. Spot gold per gram price was up to 43.16 and spot silver per ounce price was higher at 20.90 as of mid-day.
Posted on | March 10, 2014 | 1 Comment
Stock market session review and stock composites trends mid-day today March 10, 2014:
Stock futures were positive prior to opening bell this morning and it appeared that the stock market might respond favorably to the February jobs data that posted last session. Although the national unemployment rate moved up from 6.6 percent in January to 6.7 percent in February, more jobs were added to the U.S. economy than were expected. Job additions last month totaled approximately 175,000. This number was better than anticipated and a relief for many considering the bout of bad winter weather in the U.S. recently. Many took the report as a sign of good things to come. The S&P 500 ended the last session at a record closing high and all three primary stock composites in the U.S. finished the last week with gains overall. Today, as the trading session reached the mid-day mark, stocks in the U.S. were tracking through negative territory. Little economic news was scheduled to post today and Asian markets ended their respective sessions significantly lower.
Today’s Dow Jones Industrial Average, Nasdaq, S&P 500 stock market news and index trend review mid-day March 10, 2014:
The S&P 500 was lower by .38 percent at 1,870.92. The Nasdaq was red at mid-day by .37 percent at 4,320.00 and the Dow Jones Industrial Average was lower at mid-day by .54 percent at 16,363.65.
Today’s DJIA Dow Jones Industrial Average Stock Market S&P 500, Nasdaq; February Jobs report and Unemployment Rate Review
Posted on | March 10, 2014 | 1 Comment
Stock Market News review and economic trend Update today March 10, 2014:
The February jobs report posted last session and interpretations were mixed. The number of jobs that were added to the U.S. economy moved higher, but so did the overall national unemployment rate. According to the Labor Department, the average unemployment rate ticked higher from 6.6 percent to 6.7 percent. Regarding job additions, the U.S. economy added approximately 175,000 jobs in February after adding approximately 84,000 in December and 129,000 in January. The February additions were better than expected, yet still below the average addition totals from all of 2013. Analysts now expect a trend of more positive numbers for the job market as workers that stayed home due to the recently harsh winter weather, return to their jobs and hiring picks up.
Given the monthly jobs report news, the primary U.S. stock composites finished the last full trading session with mixed results. The S&P 500 closed the last full trading session up by .05 percent at 1,878.04. The Nasdaq closed the last full trading session lower by .37 percent at 4,336.22 and the Dow Jones Industrial Average finished the last full trading session up by .19 percent at 16,452.72. The close for the S&P 500 represented another record closing high. Despite the start of last week, which began with war associated fears as Russia troops infiltrated Ukraine, all three primary U.S. stock composites closed the last full week with gains overall. Investors will tune in today to see how perceptions of the February jobs report continue to affect stock trend-lines.
Unemployment Benefit Extension EUC Proposal; Republican Senators Submit Plan to Extend Emergency Unemployment Compensation
Posted on | March 10, 2014 | 176 Comments
Unemployment Benefit extension update and economic review today March 10, 2014:
Millions of Americans will tune in this week to see if the Senate is able to pass an extension of benefits for the long term unemployed in America. Approximately 2 million Americans are considered long term unemployed and have exhausted their provisions of emergency unemployment compensation. Long term unemployment benefits expired for many on December 28, 2013. Each week that passes adds tens of thousands more to the ranks of Americans that are long term unemployed without benefits. The Senate has tried on multiple occasions in 2014 to pass a measure to extend long term unemployment benefits but has failed to generate enough support for the measure each time.
Democrats and Republicans in the Senate have been unable to agree on the terms of the extension plan, specifically the payment terms. Republicans would like for the benefit extension to be paid for through offsets in the budget. They do not want to kick the repayment can down the road for future generations to pay off.
Last Thursday, a group of Senate Republicans presented another plan to extend benefits to the Senate. Their proposal would extend unemployment benefits for an additional five months. This extension plan proposal amounts to a shorter period of time, by one month, than the most recent Democratic proposal. Rob Portman of Ohio, Dan Coats of Indiana, Dean Heller of Nevada, Mark Kirk of Illinois, Kelly Ayotte of New Hampshire, Susan Collins of Maine and Lisa Murkowski of Alaska are the GOP Senators sponsoring the legislation.
Posted on | March 10, 2014 | No Comments
Gold price and silver price precious metal news review today March 10, 2014:
Although gold and silver contract prices have tracked higher over the last several weeks, both gold and silver contract price per ounce rates sunk lower and closed the last full trading session with floor prices on the negative side of break-even.
The February jobs report posted in the U.S. and the job addition numbers were better than expected. Many were surprised that the job additions totaled as high as they did considering the number of jobs lost due to the recently harsh winter weather. The February jobs data was received with open arms and taken by many as a sign of better things to come this spring. This perception diminished the number of investors moving to position with precious metal safe havens like gold last session. Gold contract prices dipped lower as a result.
Gold price and silver price contract close review today:
April contract gold price dropped lower last session by 13.6 to close at a floor price of 1,338.20. May contract silver price fell back last session by .646 to close at a floor price of 20.93 per troy ounce. One month price change for gold price is currently positive by 6.3 percent and one month price change for silver is positive at this time by 4.8 percent.
Spot gold per gram price and spot silver per ounce price review today March 10, 2014:
Prior to opening bell this morning, spot gold per gram price was lower at 43.00 and spot silver per ounce price was down to 20.82.
Posted on | March 9, 2014 | 49 Comments
Unemployment benefit news review and economic trends Update March 9, 2014:
The U.S. economy lost almost 9 million jobs during the most recent financial crisis and although the economy has been slowly recovering, not all of the lost jobs have been recovered. As of February, approximately 8 million jobs have been added back to the books which leaves the U.S. economy no better off than just prior to the economic melt down. Then, the unemployment rate was far lower than it is now at just over 4 percent. The February jobs report showed that the U.S. economy added jobs, but with the additions in January only adding up to about 130,000, the 175,000 in February did not have to increase by much to best January’s report. It should be noted that so far, the last three monthly jobs reports remain well below the average number of jobs added during the entire 2013 calendar year. If the economy is improving, why then are the job additions in 2014 much worse than the addition numbers from 2013.
The unemployment rate ticked higher as well. In January, the average unemployment rate in the U.S. posted at 6.6 percent. Last month, the unemployment rate rose higher to 6.7 percent. Again, these numbers suggest that the economic recovery process is off track, but economists and policy leaders want to gravitate toward the theory that says the winter weather is holding the economy back. If this is true, we should expected to see a job addition bonanza this spring. The unemployed of America are unlikely willing to place their hope in the weather forecast.
Jobs are needed as the numbers of long term unemployed in America grows. Last month, the number of Americans that were counted as long term unemployed for six months or more registered at approximately 3.8 million. Almost 2 million Americans in this group have exhausted their long term unemployment benefits and some have been without EUC since late December of 2013. The Senate has made multiple attempts to pass a measure to extend long term unemployment benefits to no avail. Another attempt is expected to happen this week. The plan on the table would extend unemployment benefits for the long term unemployed in America for another six months and be retroactive. The buzz for an extension push should become more intense as this week moves forward.
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