Growth in Home Prices Remains Slow in February, Gold Price Rises
Home prices continued to creep up at a modest pace in February with 4% gain compared to February 2018, down from 4.2% annual growth in January.
Gold Prices Rise With 3.2% GDP Expansion in Q1
Gold prices have risen on Friday, initially sinking into negative territory before climbing again following the report that US gross domestic product rose by an annual rate of 3.2% (0.8% for the three-month period) for the first three months of 2019.
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.
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 increase. However, claims had hit a 49-year low the week before, and the recent increase does not necessarily spell weakness in the labor market.
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 by lower mortgage rates and the slowdown in home price gains compared to wage gains.
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. Sales dropped -4.9% vs -3.8% expected.
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