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US Homebuilder Confidence Climbed in April
Confidence in the newly-built single-family home market rose from 62 to 63 in April according to the NAHB/Wells Fargo Housing Market Index (HMI) released on Tuesday. The index…
US Industrial Production Declines in March, Gold Prices Near Four-Month Low
The Federal Reserve reported on Tuesday that industrial production unexpectedly fell by -0.1% in March, despite market expectations of a 0.1% gain. Compared to expectations,…
Gold Price Preview: April 15 - 19
Good morning, gold traders. Welcome back to another week in the metals and currency markets.
Gold price has started out on the back foot this week, after dropping below…
Gold Price Recap: April 8 - 12
Happy Friday, traders.
What kind of week has it been?
At the end of a generally quiet week for financial markets gold price has fallen to levels considerably…
Gold Price Ticks Upward After Unexpected Drop in US Consumer Sentiment
Gold is climbing following the news that US consumer sentiment dropped for the first time in three months in April, with the long-term economic outlook reaching the lowest…
Fed’s James Bullard Advises Fed to “Tread Carefully” Around Recession Signals
St. Louis Federal Reserve President James Bullard spoke on Thursday at a community development event in Tulepo, Mississippi, stating that two important signals are emerging…
Initial Jobless Claims Lowest Since 1969, Gold Price Drops
Gold has come under selling pressure today with the joint release of the PPI index showing tame inflation pressure as well as another Labor Department report pointing to a…
Gold Prices Dip as US Producer Prices Hit 5-Month High in March
US producer prices saw the biggest gain in five months in March, with the Labor Department reporting a 0.6% gain, mostly driven by rising gasoline prices. Despite the PPI index…
Fed Minutes: The Wait and See Approach
The meeting in March kept rates steady and indicated that 2019 was a year for patience. Trump and the financial markets took this as the Fed was ready to start cutting rates…
US Consumer Prices Hit Yearly High, Price of Gold Ticks Upward
The US Consumer Price Index hit the highest level in over a year in March, but inflation pressure remains tame due to the ongoing global economic slowdown.
Key…
US Unemployment Rate Could Fall Even Further According to FOMC Vice Chairman
FOMC Vice Chairman Richard Clarida stated that the rate of unemployment in the US could fall further yet without leading to excessive inflation. Clarida made statements at a…
Gold Price Gaining Ground as IMF Downgrades Economic Outlook
The notion of a global slowdown is gaining traction today after the…
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