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Home Prices Remained Stable in April, Gold Prices Slip
The S&P CoreLogic Case-Shiller index rose 4.7% annually in April, up 0.1% from the month before. The 10-city composite index saw no change at 3.4% annual growth, while the…
Gold Price Preview: June 29 - July 3
Good morning traders, and welcome to our regular Monday preview of the trading week ahead, focusing on the economic data, news flow, and market narratives that may have the…
Gold Price Recap: June 22 - June 26
Happy Friday, traders. Welcome to our weekly market wrap, focusing on the economic data, news flow, and market narrative that had the biggest impact on gold prices (and may…
Tame Consumer Spending Rebound Is Likely Temporary as Incomes Drop, Inflation Remains Flat
US consumer spending saw a major increase in May as portions of the economy began to reopen. Consumer spending, which accounts for two-thirds of all US economic activity,…
Disappointing Jobless Claims Figures Show Little Progress, Gold Price Holds Steady
1.48 million Americans applied for unemployment benefits in the week ended June 20, almost matching the 1.54 million (upwardly revised) claims seen a week earlier. Claims were…
Durable Goods Orders Recovered 15.8% in May, Gold Price Holds Steady
Durable goods orders in the US rose 15.8% to $194.4 billion in May according to the latest report from the US Census Bureau. The sharp 15.8% increase follows a decline of 17.7…
Downturn Softens as PMI Readings Hit 4-Month Highs, Gold Prices Rise
The IHS Markit PMI readings released earlier today showed an easing of the economic downturn, with all readings at the highest point seen since the pandemic began in the US.…
Gold Price Preview: June 22 - June 26
Good morning, traders. Welcome to our weekly preview of this week’s market calendar, with a particular focus on the economic data, news flow, and market narratives that are…
Gold Price Recap: June 15 - June 19
Happy Friday, traders. Welcome to our market wrap for the week, where we focus on the economic data, news flow, and market narratives that had the biggest impact on gold prices…
Jobless Claims Disappoint With Slow Progress, Gold Pares Losses
Initial jobless claims saw a slight reduction in the week ended June 13, failing to match expectations. 1.51 million Americans applied for unemployment benefits last week vs. 1…
Philadelphia Fed Manufacturing Index Skyrockets 60 Points in June, Gold Prices Slip
Manufacturing conditions saw major improvements in June, according to the latest survey from the Philadelphia Federal Reserve. The Philly Fed’s manufacturing index smashed…
US Housing Starts Fail to Meet Estimates in May, Gold Remains Under Pressure
US housing starts came in at 974,000 last month vs. 1.1 million estimated. Starts for the month prior were revised higher from 891,000 to 934,000 according to data published by…
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