Economics/Domestic

Gold Prices Modestly Gain on Tuesday

Domestic0 Comments Gold prices were lifted higher on Tuesday after erasing losses during early morning sessions. December gold futures gained USD 1.20 per ounce to USD 1,473.10 during late afternoon sessions. Early morning on Monday, gold erased...

Hong Kong Market Rebounds on Trade Talks After Violent Week

Domestic0 Comments Hong Kong’s Hang Seng index tumbled last week by as much as 1,300 points or 4.7% as the protests continued to escalate and as the U.S.-China trade war continued to pound on global economies. Last week, Asian markets edged lower...

U.S. Consumer Prices Rise 0.4% in October

Domestic0 Comments Consumer prices rose a seasonally adjusted 0.4% in October, the Labor Department said Wednesday. Households paid more for energy products, healthcare, food and a range of other goods. The Consumer Price Index (CPI), which...

Gold Slumps Amid Optimistic U.S.-China Trade Matters

Domestic0 Comments Gold was on track for the biggest weekly loss in three years as optimism revolving around U.S. and China trade matters sent markets soaring throughout the week.  Since Monday leading into Friday’s low, gold prices tumbled by as...

U.S. Housing Starts Reach 12-Year High in August

Domestic0 Comments U.S. homebuilding reached a more than a 12-year high in August as both single- and multi-family housing construction sped up, suggesting that lower mortgage rates finally gave the housing market a boost. Wednesday’s report from...

U.S. Consumer Prices Rise a Slight 0.1% in August

Domestic0 Comments Consumer prices slowed in August, reflecting a sizeable drop in the cost of gasoline and other energy products. The Consumer Price Index (CPI), which measures what Americans pay for items from fruits and vegetables to medical...

U.S. Hiring Slows Down, Unemployment Remains Steady

Domestic0 Comments The U.S. economy gained 130,000 new jobs in August, short of economists’ forecast of 150,000. This increase includes the temporary employment of 25,000 workers hired by the federal government in preparation for the 2020 census....

Chinese Yuan on Pace for Worst Month Since 1994

Domestic0 Comments On Friday, the Chinese Yuan edged lower as it was on pace to set the worst month since the country’s currency reform in 1994. The yuan has been facing weakness due to the ongoing trade tensions between the U.S. and China as...

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