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US Home Sales Double Expectations in August, Gold Prices Drop
The rate of sales of new homes in the US rose above expectations in August with a decline in mortgage rates fueling increased demand for property. According to a report...
Home Price Gains See Renewed Growth, Gold Prices Steady
The S&P CoreLogic Case-Shiller U.S. National Home Price Index rose 3.2% annually in July after a 3.2% rise also seen in June. Despite the steady growth in the overall index...
Gold Price Preview: September 23 - 27
Good morning, traders. Welcome to our preview of the week ahead in macroeconomic data for the precious metals and currency markets.
Gold is trading higher this morning,...
Gold Price Recap: September 16 - 20
Happy Friday, traders. Welcome to your recap of the week in the precious metals markets.
At the time of writing this afternoon, gold prices appear set to close firmly...
Philadelphia Manufacturing Report Tops Expectations Despite Drop, Gold Prices Tick Downward
The Philadelphia Federal Reserve manufacturing index, released on Thursday, indicates a drop from 16.8 in August to 12 in September. Despite the drop, the index topped...
Jobless Claims Below Expectations, Gold Prices Drop
The US government reported a slight increase in jobless claims on Thursday with a 2,000 increase to 208,000 for the week ended September 14. Claims dipped 13,000 to 206,000 the...
Gold Prices Give Up Most of the Week’s Gains as FOMC Delivers Another 0.25% Rate Cut
Gold prices are lower this afternoon but are recovering from the day’s lows following the announcement of...
US Homebuilding Hits 12-Year High in August, Gold Price Holds Firm
US homebuilding boomed in August, hitting levels not seen in over 12 years. Housing starts increased by 12.3% for the month of August to 1.364 million units compared to the 4%...
Industrial Production Beats Expectations in August, Gold Prices Tick Downward
US manufacturing output rose above expectations of 0.2% gain in August with a 0.6% gain following the -0.4% drop seen the month before, according to the US Federal Reserve....
Gold Price Preview: September 16 - 20
Good morning, traders. Welcome to your preview of the macroeconomic week ahead for precious metals and currency traders.
Gold spot prices are trading just below $1500/oz...
Gold Price Recap: September 9 - 13
Happy Friday the 13th, traders. Welcome to your recap of this week in metals markets.
At the time of writing, gold spot prices are weaker and looking for...
Gold Prices Slow Down Following Mixed Retail Sales Data
US retail sales saw a modest increase in August, led by a robust e-commerce industry and increased demand for vehicles. Released by the Commerce Department on Friday, the...
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