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.
US Construction Dips Unexpectedly in March, Price of Gold Rises
US construction of new homes dropped just shy of a two-year low in March, indicating ongoing difficulty in the housing market despite lower mortgage rates and higher wages alleviating some recent headwinds. Annually, starts dipped 14.2%.
Gold Price Holds Gains as US Jobless Claims Near 50-Year Low
The number of Americans applying for unemployment benefits sunk to the lowest point in 49 ½ years last week, reaching 192,000. The four-week moving average also contracted, dropping 6,000 places to 202,150.
Weak Performance in Manufacturing Seen in Philly Fed Report
The Philadelphia Fed released a report on Thursday stating that its manufacturing index for April dropped from 13.7 in March to 8.5 in March, now entering single digits and heading toward a contraction.
Retail Sales Punched Well Above Expectations in March
The US Census Bureau released a report on Thursday indicating that March retail sales rose by 1.6% vs 1% expected, and following a -0.2% dip the month prior.
US Trade Balance Shows Shrinking Deficit
The US trade deficit hit an 8-month low in February, spurred on by a sharp increase in civilian aircraft exports. The deficit dropped from $51.1 billion to $49.4 billion.
US Homebuilder Confidence Climbed in April
Confidence in the newly-built single-family home market rose from 62 to 63 in April according to the NAHB/Wells Fargo Housing Market Index (HMI) released on Tuesday. The index is closely-watched as an indicator of the future health of the US housing market.
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