Conor Maloney
Conor Maloney is a journalist with hundreds of articles covering financial markets and topics published on sites like Yahoo Finance and GoldPrice.org.
He is passionate about blockchain, cybersecurity, and financial independence, and he believes in gold as a viable alternative to fiat currency.
Follow Conor at @iWriteCrypto on Twitter.
Initial Jobless Claims See Slight Increase, Gold Prices Hold at Daily Highs
The Labor Department reported a slight increase in the number of Americans filing applications for unemployment benefits, indicating ongoing strength in the market. Initial jobless claims rose 3,000 to 213,000 for the week ended September 21 according to a report released on Thursday, while data for the week prior was revised upward by 2,000 applications.
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 released by the Commerce Department on Wednesday, single-family home sales rose 7.1% annually, well above market expectations of 3.5%.
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, home prices are still undergoing a slowdown in major cities.
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 expectations of a drop to 10 for September. Manufacturing continues to show signs of weakness, due in part to the pressures of the ongoing trade war.
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 week before, almost a five-month low. Estimates for last week averaged at 215,000.
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% drop initially reported in July. Expectations for August growth averaged at 1.25 million units.
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