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Gold Price Ticks Upward as Durable Goods Orders Hit 8-Month High in March
Orders for new US durable goods saw the biggest increase in 8 months during March, although a decline in shipments points to decreased spending on equipment during Q1.
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US Jobless Claims Hit Highest Point in 19 Months, Gold Prices Slightly Higher
The number of Americans applying for unemployment benefits soared well above a yearly high last week, rising by 37,000 applications and defying expectations of a modest 8,000…
Gold Price Slightly Lower as Test of 200-Day Moving Average Looms Large
The gold market is moving slightly lower today as the market continues to try to find a foothold. The market currently has a number of issues working against it, including…
New Home Sales Surpass Yearly High in March, Gold Price Ticks Downward
Despite expectations of a significant decline, sales of new homes in the US reached the highest point since November 2017 in March, likely a result of the market leeway created…
US Home Sales Slump Unexpectedly in March After Strong February Data
Sales of existing homes in the US fell below market expectations in March following solid performance the month before, pointing to ongoing weakness in the housing market.…
Gold Price Preview: April 22 - 26
Good morning traders, welcome back to another week in the metals markets.
After opening Sunday evening on the uptick following a long weekend, gold prices have sunk a…
Gold Price Recap: April 15 - 19
Happy Friday traders. At the end of a shortened week, gold prices and longs are licking their wounds after a breakdown of technical support levels on Tuesday.
So, what…
US Construction Dips Unexpectedly in March, Price of Gold Rises
US construction of new homes dropped just shy of a two-year low in March, indicating ongoing difficulty in the housing market despite lower mortgage rates and higher wages…
Gold Price Holds Gains as US Jobless Claims Near 50-Year Low
The number of Americans applying for unemployment benefits sunk to the lowest point in 49 ½ years last week, reaching 192,000. The four-week moving average also contracted,…
Weak Performance in Manufacturing Seen in Philly Fed Report
The Philadelphia Fed released a report on Thursday stating that its manufacturing index for April dropped from 13.7 in March to 8.5 in March, now entering single digits and…
Retail Sales Punched Well Above Expectations in March
The US Census Bureau released a report on Thursday indicating that March retail sales rose by 1.6% vs 1% expected, and following a -0.2% dip the month prior.
Key…
US Trade Balance Shows Shrinking Deficit
The US trade deficit hit an 8-month low in February, spurred on by a sharp increase in civilian aircraft exports. The deficit dropped from $51.1 billion to $49.4 billion.
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