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Gold Price Remains Stable as Jobless Claims Rise Slightly
The week ended May 25 saw a slight increase in initial jobless claims which rose by 3,000 to 215,000, in line with market expectations. The labor market is still considered to…
Home Price Growth Slows Again in March, Gold Price Ticks Downward
The average home price in the US rose 3.7% annually in March, 0.2% less than the growth seen in February according to the S&P CoreLogic Case-Shiller home price index.
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Gold Price Preview: May 28 - May 31
Good morning, gold traders. Welcome back for another (shortened) week in the gold markets. Following the long holiday weekend in the US we have a brief four days of market…
Gold Price Recap: May 20 - May 24
Happy Friday traders, and welcome to your recap of the week in metals markets. At the time of writing, gold trades just below $1285/oz in the spot markets, nearly $10 higher…
Unexpected Drop in April Durable Goods Orders Led by Transportation Equipment
New orders for capital and durable goods produced in the US dropped more than expected in April, supporting the view that the economy is slowing after an anomalous Q1 GDP boost…
Initial Jobless Claims Fall Unexpectedly in April, Gold Prices Rise
The number of US citizens filing for unemployment benefits dropped to 211,000 vs. 215,000 expected for the week ended May 18, according to the Labor Department. While the…
Fed Minutes Indicate Patience for the Foreseeable Future
Today’s Federal Reserve minutes were in line with expectations as the Fed continued its stance of patience signaling that they are happy with the current health of the economy…
Home Sales Fall Despite Lower Mortgage Rates
The housing market continues to show signs of weakness with the latest report revealing a decrease in home sales for the month of April. Home sales have now declined for 14…
Gold Price Preview: May 20 - May 24
Good morning gold traders, and welcome to another week in the metals markets.
Following an energetic week of trading just behind us, gold price has had a mild beginning…
Gold Price Recap: May 13 - May 17
Happy Friday, traders. Welcome to your weekly recap of the gold market.
So, what kind of week has it been?
…
Gold Price Continues to Tick Downward as Consumer Sentiment Hits 15-Year High
US consumer sentiment is at the highest level in 15 years according to the results of the University of Michigan Consumer Sentiment Survey released on Friday. The index rose to…
Gold Price Faces Selling Pressure as Jobless Claims Fall Below Expectations
The number of Americans filing applications for unemployment benefits fell more than expected last week with 212,000 applications vs. 220,000 expected. The labor market…
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