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US Home Sales Below Expectations in June, Home Prices Hit All-Time High
US home sales dropped more than expected in June with a -1.72% decline vs. just -0.2% expected. Despite lower mortgage rates, the housing market continues to struggle under…
Big Miss as Richmond Fed Manufacturing Index Hits 6-Year Low
The Richmond Fed manufacturing index for July came in far below expectations with a reading of -12 vs. 5 expected, stunting hopes of a surge in the sector. The index is now at…
Gold Price Preview: July 22 - 26
Good morning traders, and welcome back to another week in the metals and currency markets.
This morning gold prices are trading sideways and consolidating after an…
Gold Price Recap: July 15 - 19
Happy Friday traders! Welcome to your recap of the week in the gold markets.
At the time of writing, gold prices have seen a $20 sell-off from the highs but still remain…
Consumer Sentiment Shows Americans Still Have a Positive Outlook
US consumer sentiment improved by a thin margin with the index increasing from 98.2 in June to 98.4 in July. This increase was in line with forecast and marks 5 months of the…
Philadelphia Fed Index Far Exceeds Expectations, Gold Price Ticks Upward
The Philadelphia Fed manufacturing index came in at 21.8 in July compared to just 5 expected, greatly exceeding expectations following a weak result in June which saw the index…
Gold Prices Under Pressure Despite Weak Housing Market Data
The rate of US home construction declined in June with apartment building leading the drop, offsetting a small increase in the rate of construction on new single-family homes.…
US Retail Sales Double Expectations for June, Gold Prices Face Pressure
US retail sales blew past projections of 0.2% gains in June, coming in at 0.4% gain following a downwardly revised 0.4% gain the month prior. Sales excluding volatile…
Gold Price Preview: July 15 - 19
Good morning traders, and welcome back to another week in the metals markets!
This week’s calendar is somewhat calmer in appearance than our last few weeks. Given…
Gold Price Recap: July 8 - 12
Happy Friday traders, and welcome to our recap of the week in gold markets.
As we anticipated, the action on gold charts was pretty heavily condensed to the middle of…
US Producer Prices Rise in June, Producer Inflation at 2 Year Low
US producer prices ticked upward in June while the cost of energy and other goods fell for the second month in a row. The Labor Department released a report on Friday stating…
US Core Inflation Punches Through Yearly High, Gold Holds Above $1,400
The core-consumer prices index saw the biggest gain since January 2018 in June with 2.1% gain vs. 2% expected. The data indicates rising inflation pressures, although the…
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