Gold Continues To Ignore U.S. Data; Pending Home Sales Fall 0.8% In March
(Kitco News) - The U.S. housing market could see momentum decline in the summer, as fewer consumers started the process of buying a home last month, according to the latest data from the National Association of Realtors (NAR).
Gold Unable To Hold Gains After Optimistic Comments From ECBs Draghi
(Kitco News) - While the European Central Bank is committed to its bond-purchase program at least to the end of the year, the euro and in turn gold prices saw a brief spike Thursday as the central bank appears to be more optimistic about the economy.
Gold Ignores 14K Rise In U.S. Weekly Jobless Claims
(Kitco News) - Gold prices are relatively unchanged following a stronger after U.S. first-time jobless claims rose by 14,000 to a seasonally adjusted 257000 in the week to Saturday, the Labor Department said.
ECB Leaves Interest Rates Unchanged All Eyes On Draghi Press Conference
(Kitco News) - As expected the European Central Bank left interest rates unchanged Thursday.
History Shows Looming Potential Gov't Shutdown Won't Impact Gold, Markets
(Kitco News) - According to House of Representatives Speaker Paul Ryan early Wednesday, Congress is close to reaching a deal on government spending as Fridays deadline looms.
Is This As Good As It Gets For Gold? Yep, Says Capital Economics
(Kitco News) - As gold prices fall further from recent five-month highs, one firm is reiterated their view that this could be as good as it gets for the rest of the year.
Oh Those Crazy Brits, They Find Gold In The Strangest Places
(Kitco News) - First, two British tank restorers find five solid gold bars in the gas tank of a Russian T54/69 tank. Now, in the same week, it was announced that a piano tuner has found what is believed to be the largest hoard of gold sovereigns in an old piano.
Gold To Be Sensitive To French Elections; Uptrend Still In place - Analysts
(Kitco News) - While gold is expected to maintain is bullish uptrend, the market could see some short-term profit taking next week as some major risk events de-escalate, reducing investor demand for safe-haven assets, according to some analysts.
Gold Prices See Little Reaction Following 10-Year High In Existing Home Sales
(Kitco News) - Gold prices continue to shake off U.S. economic data as U.S. consumers bought more homes in March, according to the latest report from the National Association of Realtors (NAR).
Gold Ignores Soft Flash Manufacturing And Service Sector Data
(Kitco News) - Gold prices remain relatively unchanged on the day following a weaker-than-expected reading in preliminary U.S. manufacturing and service data.
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