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US Home Price Growth Nears 7-Year Low, Gold Price Rises
Home prices in June rose 3.1% on an annual basis, according to the S&P CoreLogic Case-Shiller national home price index. The figure is down from the 3.3% gain seen in May,...
Gold Price Preview: August 26 - August 30
Good morning, traders; welcome back to our Monday look ahead at this week’s macro data that’s most useful to precious metals and currency traders.
I’m coming to you a...
Gold Price Recap: August 19 - August 23
Happy Friday, traders. Welcome back to our recap of the week in gold markets. Seemed like we were all falling asleep for a little while to begin the week, but we’re certainly...
Sharp Drop in New Home Sales, Gold Price Climbs
US new home sales missed expectations in July with a sharp 12.8% drop reported by the Commerce Department on Friday. 635,000 new homes were sold in July, down from June’s...
No Rulebook for a Trade War – Fed’s Powell Speaks, Gold Price Holds Steady
Federal Reserve Chairman Jerome Powell made some measured statements on the current state of the economy on Friday morning, with financial markets experiencing steep volatility...
Gold Prices Below $1,500 After Large Drop in Jobless Claims
The number of Americans filing applications for unemployment benefits dropped 12,000 last week, back near a 50-year low. Jobless claims came in at 209,000 for the week ended...
Fed States Tariffs Risk “Significant Negative Effects” on Economy, Price of Gold Holds Steady
Policymakers who attended the July Federal Reserve meeting reportedly cited the trade war as a major, ongoing threat to economic progress, as well as the general slowdown seen...
Gold Price Sees Pressure as Home Sales Rise More Than Expected in July
US home sales in July rose above expectations in July, with a strong labor market and the effects of lower mortgage rates boosting the struggling housing market.
Key...
Gold Price Preview: August 19 - August 23
Good morning, traders! Welcome to your weekly look ahead at what matters in the gold and currency markets.
At time of writing thing morning, gold prices are lower to...
Gold Price Recap: August 12 - August 16
Happy Friday, traders. Welcome back to your recap of the week behind us in the gold markets.
At the time of writing, gold is maintaining its gains from Monday’s trading...
US Consumer Sentiment Hits 7-Month Low, Gold Price Falls
Gold prices saw a brief recovery before dipping further following the release of a consumer sentiment report from the University of Michigan. The report indicates that consumer...
Gold Price Ticks Downward Amid Mixed Housing Market Data
The number of US homes which began construction fell again for the third month in a row in July, led by a sharp drop in the construction of multi-family homes like apartment...
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