Latest Financial News Impacting Gold Prices
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New Home Sales Drop 5.5% to Hit Two Year Low
The housing sector revealed further decline today following the recent report on existing home sales. Today’s report on new single-family home sales shows a 5.5% decline in sales which are at the lowest in almost two years. New home sales represent 9.7% of the overall housing market.
Are We Sitting on the Brink of a Recession?
Is the United States headed for yet another recession? No! Barney Frank is not in power. It is headed for more prosperity even if The Fed continues to want to hold America back.
Richmond Fed Manufacturing Index Lowest Since April
Though in relative decline, the Richmond Fed Manufacturing Index still saw moderate expansion in October. The index is a composite representing a weighted average of the indexes for shipments (33%), new orders (40%), and employment (27%).
U.S. Stocks Tumble, Push Gold to Three Month High
Gold prices are up sharply in early action on Tuesday as U.S. equity markets plummeted. Gold is now trading at a three month high as risk aversion takes center stage.
Chinese Stocks Come Roaring Back
Chinese stocks have been the subject of much concern and speculation in recent weeks. Worries over a potential slowdown in China and a corresponding drop in Chinese equities have fanned the flames of caution. Until yesterday, at least.
Gold Prices Stable Despite 3 Year Low in Home Sales
Gold prices remain stable following home sales data released Friday by the National Association of Realtors which shows that home sales have fallen to a 3-year low. Current prices show no movement trading at $1,226.48 per ounce, while December futures are up a modest 0.08%.
Philadelphia Fed Manufacturing Beats October Expectations
The latest reading of the Philly Fed Manufacturing Index showed steady, high level growth for the month of October.
The FOMC Meeting Minutes Reaffirm Continuance of Interest Rate Hikes
The Federal Open Market Committee (FOMC) and the Federal Reserve Board have released the minutes of the meeting that was held on September 25th-26th, 2018.
Housing Data Weaker Than Expected
U.S. homebuilding saw a decline greater than expected in September as construction activity in the South declined by the most in several years.
Gold Is Making a Strong Comeback and It Could Keep Rising From Here
In Monday’s US trading, gold prices rose to a 10-week high. Short covering, technical buying, and growing safe haven demand have been powering the recent yellow metal rally.
Gold Prices Climb Amid Stock Market Sell-off, Tame Inflation Report
Wedneday's market sell-off has led to investors seeking refuge in gold, boosting prices. Recent inflation data may also be influencing the price action.
Is Gold Beginning to Push Back Against Market Headwinds?
Gold has continued to hold surprising well despite tough macro-economic conditions weighing against it.
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Benjamin Roussey
Benjamin Roussey has two master’s degrees and served four years in the US Navy. He writes professionally for several sites that cover one sector of our economy to another, including GoldPrice.org.
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Conor Maloney is a journalist with hundreds of articles covering financial markets and topics published on sites like Yahoo Finance and GoldPrice.org.
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John Moncrief
John Moncrief is an active commodities and currency trader with nearly a decade in the industry. He also has several years of experience in writing market analysis and research notes.
John’s particular interest is in examining precious metals and currency trends through a focus on macroeconomic drivers and behavioral economic theory; although he’s probably spent at least as much time reading Stan Lee as he has Richard Thaler.
Matthew Bolden
Matthew Bolden is an active trader and investor. His passions include writing about financial markets in a simple, pragmatic way. His work has been seen in various arenas within the world of global finance, and he has written commentary on several markets including precious metals, stocks, currencies and options.
Matthew is an avid reader, student of the markets and sports enthusiast who resides in the greater Chicago area.
Ryan Page
Ryan Page has worked for 3 years as a commodities derivative’s trader. He has been building models to analyze global macro data and evaluate risk for more than 5 years.
Ryan has been trading since he was 14 years old. He enjoys playing mid to high stakes poker, with immense experience studying and applying game theory.
