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Trade Rep Lighthizer Indicates China Deal May Not Happen
Statements made by US trade representative Robert Lighthizer caused ripples in the financial markets as he stated that a deal with China is not yet close to being finalized,…
Price of Gold Ticks Downward With Rebound in Pending Home Sales
Home Sales jumped 4.6% in January according to a measure used by the National Association of Realtors. Sales were still down 2.3% compared to last year.
Key Takeaways…
Jerome Powell Assures Committee That Fed Is Prepared to Adjust Balance Sheet Runoff Policy
Federal Reserve Chairman Jerome Powell spoke to a Senate committee on Tuesday, stating that the while the US economy is currently in a strong position, there may be trouble…
Gold Price Ticks Downward as Home Prices Rise at Slowest Pace Since 2015
Lack of buying power in the housing market is resulting in a cool down of home prices as sellers adjust their expectations and moderate their asking prices. Home prices…
December Housing Starts Hit Two-Year Low
Gold prices have ticked downward today despite negative housing market data which revealed that the rate of new US homes being built in December sunk to a two-year low.
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Gold Price Preview: February 25 - March 1
Good morning traders, welcome to Monday.
Gold looks to be starting another week on the good foot, having shrugged off some hard selling in pre-US trading. After healthy…
Gold Price Recap: February 19 - February 22
Happy Friday, traders.
For those of us that regularly spend time trading in the metals and currency markets, things feel a bit different this week, don’t they? Devoid of…
Gold Rises as Multiple Federal Reserve Officials Release Policy Statements
After hefty corrections throughout yesterday’s session, gold is trading up again in the face of multiple statements made by Federal Reserve in both voting and non-voting…
Existing Home Sales Drop Sharply to 3-Year Low
US existing home sales have hit a 3-year low, dropping -1.2% in January after dropping 6.4% the month before with prices rising only modestly. The data shows home sales to be…
Major Miss as Philadelphia Manufacturing Index Slumps Into Negative Territory for First Time in Two Years
The Philadelphia Manufacturing Index sunk well below market expectations with a reading of -4.1 vs 14 expected. While a 3 point drop from the previous month’s reading of 17 was…
Price of Gold Lower as Initial Jobless Claims Drop Below Expectations
Initial jobless claims dipped well below the market consensus expectation of 230,000 at just 216,000, indicating that the labor market may be regaining its footing somewhat…
Weak Durable Goods Report Masked by Auto and Plane Demand
Durable goods orders rose 1.2% in December, but the surge came from a rise in demand for the volatile components of autos and airplanes, with weakness seen in other key…
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