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Gold Price Scores 7-Month High
The gold market today hit a fresh 7-month high as increasing risk aversion and technical buying fuel further upside. There are several key issues in play this week that could...
Gold Price Rises as Home Price Growth Hits Four-Year Low
Tuesday’s Case Shiller Home Price Index has revealed further decline in the housing industry with the growth of home prices hitting a four-year low, missing market expectations...
Gold Price Preview: January 28 - February 1
Hey there traders, happy Monday to you.
It looks like everybody, including the US government, is back to work this week with a packed economic calendar for the US...
Gold Price Recap: January 21 - January 25
Happy Friday, traders. I suspect, with the move’s gold has made this morning, that you’d all like to get to the point with some speed today.
So, what kind of week has it...
Gold Price Sharply Higher as Dollar Sinks
The gold market is having a banner day thus far, moving sharply higher on the back of a weaker greenback. The gold market is once again knocking on the door of key resistance...
Gold Price Dips as US Jobless Claims Hit 49-Year Low
US unemployment benefits claims fell last week to the lowest level since 1969, indicating that the labor market remains highly robust in the face of economic uncertainty in...
ECB States Growth Risks Have Moved to Downside, Leaves Interest Rates Unchanged
Today the European Central Bank chose to hold off on any change to interest rate policy in light of weak economic growth reports released earlier today and throughout the last...
“Very Disappointing” Euro PMI Shows Business Activity at a Four-Year Low
The HIS Markit Flash Composite Purchasing Manager’s Index has hit a low not seen since mid-2013, with a drop in new work leading the decline which indicates that business...
Bank of Japan Maintains Negative Interest Rates, Governor Discusses Future Policy
The Bank of Japan (BoJ) elected to maintain its negative interest rates on Wednesday as expected, although lowering its inflation expectations for 2019. The BoJ is holding...
Soft Activity Reported by Richmond Fed Manufacturing Index, Price of Gold Ticks Upward
Fifth District manufacturing activity in January was reported to be soft according to the most recent survey from the Richmond Fed.
Key Takeaways
- The...
Existing Home Sales Hit Three-Year Low, Below Expectations
US existing home sales have fallen to their lowest rate in over three years, a sign that the housing market continued to dwindle at the close of 2018. Previously-owned homes...
German ZEW Economic Sentiment Increases Slightly Overall, but Current Conditions Hit Four-Year Low
The sentiment for current economic conditions in Germany fell to a four-year low, although January analysts have determined that the overall index reading is less negative...
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