Gold edges down on firm US dollar as investors await key jobs data

U.S. private payrolls rose by 41,000 in December, according to the ADP report, reversing the previous month’s decline. Meanwhile, President Donald Trump said the U.S. would ban Wall Street institutions from buying single-family homes. U.S. equities closed mixed on Wednesday: the S&P 500 ended lower as financial stocks such as JPMorgan and Blackstone ...

TRUMP SAYS HE IS IMMEDIATELY TAKING STEPS TO BAN LARGE INSTITUTIONAL INVESTORS FROM BUYING MORE SINGLE-FAMILY HOMES TRUMP SAYS HE WILL ASK CONGRESS TO CODIFY THE BAN AND WILL DISCUSS IT ALONG WITH FURTHER HOUSING AND AFFORDABILITY PROPOSALS AT HIS DAVOS SPEECH IN TWO WEEKS For a very long time, buying and owning a home was considered the pinnacle of the American Dream. It was the reward for working hard, and doing the right thing, but now, because of the Record High Inflation caused by Joe Biden and the Democrats in Congress, that American Dream is increasingly out of reach for far too many people, especially younger Americans. It is for that reason, and much more, that I am immediately taking steps to ban large institutional investors from buying more single-family homes, and I will be calling on Congress to codify it. People live in homes, not corporations. I will discuss this topic, including further Housing and Affordability proposals, and more, at my speech in Davos in two weeks.

Given the state of the world politically, economically, financially and socially, the gold bull market is expected to continue in the long run, says Jeffrey Christian of New York-based CPM Group. As metals continue to reach record levels, CPM Group this week also provided a market update on platinum and palladium prices amid US and international events ...