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.
Gold Prices Drop After Four-Month High in US Job Creation
US companies added the most jobs in four months in August, with payrolls increasing by 195,000 compared to estimates of 148,000 and 142,000 the month prior. Combined with stable jobless claims data, the US labor market appears to remain in good health.
Trade War Hasn’t Increased Layoffs According to Labor Report, Gold Prices Hold Steady
The number of Americans applying for jobless claims during the week ended August 24 rose by 4,000 to 215,000, according to a report released by the Labor Department on Thursday. The figures are in line with market expectations.
Moderate Manufacturing Activity Reported in August, Gold Price Rises
The Federal Reserve Bank of Richmond reported moderate manufacturing activity in August in the Fifth District, according to their most recent survey. The composite index rose 13 points from negative territory in July to 1 in August.
US Home Price Growth Nears 7-Year Low, Gold Price Rises
Home prices in June rose 3.1% on an annual basis, according to the S&P CoreLogic Case-Shiller national home price index. The figure is down from the 3.3% gain seen in May, which in turn was down from the month prior. US home prices have now cooled for 15 months in a row.
Sharp Drop in New Home Sales, Gold Price Climbs
US new home sales missed expectations in July with a sharp 12.8% drop reported by the Commerce Department on Friday. 635,000 new homes were sold in July, down from June’s revised rate of 728,000 and below estimates of 647,000 units.
No Rulebook for a Trade War – Fed’s Powell Speaks, Gold Price Holds Steady
Federal Reserve Chairman Jerome Powell made some measured statements on the current state of the economy on Friday morning, with financial markets experiencing steep volatility beforehand. Powell reassured the public that the Fed is dedicated to extending the current period of economic expansion despite headwinds such as the US/China trade war.
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