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Q1 GDP Revised Downward, Gold Prices Drop
Economic growth in the US economy during the first three months of the year was revised slightly downward in the government’s final GDP reading which was released on Thursday...
Durable Goods Orders Drop Below Expectations, Gold Price Ticks Downward
US durable goods orders dipped in May for the third time in four months, pulled down by a canceled order for the controversial Boeing 737 which was involved in multiple fatal...
Home Sales Drop Unexpectedly for Second Month in a Row, Gold Price Rises
Sales of US single-family homes have dropped for a second straight month, defying market expectations of an increase. Lower mortgage rates introduced earlier in the year may be...
Flat Richmond Manufacturing Result in Troubled Sector
The Richmond Fed Manufacturing Index came in at 3 vs. 4 expected. The report follows other signs of weakness in the manufacturing industry with the...
US Home Prices Rise In April
Home prices saw a 3.5% annual increase in April according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index. The March index showed a 3.7% gain compared to...
Gold Price Preview: June 24 - June 28
Hello traders, welcome back to another week in the metals markets.
After closing just below the big-time (that’s a technical term) psychological level of $1400/oz to...
Gold Price Recap: June 17 - June 21
Happy Friday, traders! Welcome to your recap of the week in gold markets.
Gold prices are markedly higher this afternoon following an explosive week of trading, driven...
Philly Fed Manufacturing Index Plunges Toward Zero, Gold Price Climbs
The Philadelphia Fed’s manufacturing index fell to just 0.3 in June from 16.6 in May. The index is now near levels seen in February when it hit zero, indicating ongoing...
Jobless Claims Fall More Than Expected, Gold Prices Soar Toward 5-Year High
The number of Americans filing applications for unemployment benefits dropped to 216,000 last week, below expectations. The data indicates ongoing strength in the labor market...
Gold Prices Rally After Fed Signals Dovish Outlook
At the end of another Fed day, this one including a quarterly update of the Staff Economic Projections, gold prices are solidly higher, up roughly $13 from Tuesday’s closing...
Federal Reserve Rate Decision Preview
The Federal Reserve is set to make a very important rate decision today. The recent moves in gold, the dollar and equities reflect the markets anticipation that the Fed will...
Gold Price Preview: June 17 - June 21
Good morning traders, and welcome back to another week in the metals and currency markets!
You can expect a fairly quiet start to the week, as all eyes will be on the...
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