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Housing Starts Rise Above Expectations in April, Gold Price Drops
US homebuilding saw stronger than expected activity in April with a 5.7% rise in housing starts, with increases in both single-family and multi-family housing units. Data for...
Philadelphia Fed Manufacturing Index at Four-Month High
The Philadelphia Federal Reserve reports that its manufacturing index hit a four-month high of 16.6 in May, well above the reading of 8.5 seen in April as well as the expected...
Consumer Spending Falls Putting Pressure on Shaky Markets
Consumer spending fell 0.2% in April, a sign that the overall economy might be slowing. Retail Sales in March were revised up from a 1.6% increase to a 1.7% increase following...
Growth in US Industrial Production Slumps to Two-Year Low in April
Industrial production in the US declined by -0.5% in April, brought low by a major drop in factory output due to the ongoing reduced demand for autos and auto parts. The rate...
Gold Price Rises as Empire State Manufacturing Index Hits Six-Month High in May
The New York Federal Reserve announced on Wednesday that the Empire State manufacturing survey reached a six-month high in May, climbing from 10.1 in April to 17.8 in May. The...
Gold Price Preview: May 13 - May 17
Good morning traders, welcome to another week in the markets.
We’re off to an energetic start to the week, after the mild quiet of Sunday evening and overnight trading...
Gold Price Recap: May 6 - May 10
Good morning traders, and happy Friday. There wasn’t a great deal on the economic calendar this week, so without much to breakdown we can send everyone home early for the...
Gold Prices Climb as US Consumer Prices Rise in April, Inflation Remains Muted
Consumer prices in April rose 0.3% in April, in line with market expectations following a 0.4% gain in March. Annually, the Consumer Price Index (CPI) was slightly below...
Jobless Claims Fall Less Than Expected, Little Change to the Markets
Economists forecasted jobless claims to decrease to 220,000. The figure was a slight miss as jobless claims reported a seasonally adjusted 228,000 for the week ending May 4...
US Trade Deficit Widens in March but Gap With China Hits Three-Year Low
The US trade deficit grew slightly in March by 1.5% to $50.4 billion, and the trade gap with China sunk to the lowest level in three years due to sinking imports in an ongoing...
Gold Price Dips Following Tame Inflation Pressure From Producer Prices in April
A measure of US inflation pressure rose beneath market expectations in April, with the Producer Prices Index (PPI) increasing by 2.4% annually. The report does not fall in line...
German Industrial Production Rose Unexpectedly in March, Spot Gold Price Tests $1290
German industrial production defied expectations of a -0.5% contraction, with the latest report indicating 0.5% growth instead. The report has wider implications for the...
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