Gold prices declined on Thursday, for the second consecutive session despite the U.S. Dollar (USD) and Treasury bond yields decreasing, falling for the third time this week. The yellow metal front-month futures lost $4.40 or 0.24% to finish at $1808.70 per ounce. This is the lowest closing level for gold …

Factory orders in the United States increased by 0.4% in July, data by the U.S. Department of Commerce showed on Thursday. Meanwhile, orders for durable goods decreased by 0.1%, while nondurable goods orders leveled up by 0.9%. Orders for capital goods, excluding aircraft and military items, increased by 0.1%.

U.S. natural gas supplies increased by 20 billion cubic feet (bcf) last week, according to data released by the United States Energy Information Administration reported (EIA) on Thursday. Gas supplies are down by 579 bcf compared with the same time in 2020, and 222 bcf below the five-year average of …

Canadian building permits declined in July by 3.9%, data by Statistics Canada showed on Thursday. The total value of building permits amounted to CAD 9.9 billion, rising by 21.8% on an annual basis. The reading comes against market expectations, after a 7.2% increase in June.

Oil prices showed a mixed performance on Wednesday after the OPEC+ alliance decided to maintain the gradual production increases, easing previous output cuts. The global benchmark, Brent crude, closed lower for the second day despite expectations for a rising demand this year, with fears over disruptions due to Hurricane Ida. …

Gold prices closed modestly lower on Wednesday for the second time in three sessions, despite a mostly negative performance by the U.S. Dollar (USD). An improvement in risk appetite and rising stocks limited the demand for the yellow metal as a safe haven investment after a slew of mixed economic …

Home prices in the United States increased in June by 18.6% on an annual basis, as shown by the latest reading of the S&P CoreLogic Case-Shiller Home Price Index. The index registered a third consecutive record increase. The gauge of home prices in 20 cities and major metropolitan areas Home …

Manufacturing activity in Canada expanded in August, showing its best improvement since April, data showed on Wednesday. The IHS Markit Canada Manufacturing Purchasing Managers’ Index (PMI) rose to a seasonally adjusted 57.2 in August from 56.2 in July. The new orders index rose to 55.8 from 55.3. The stocks of …

The Brazilian economy contracted during the second quarter of the year, official data by IBGE showed on Wednesday. A second wave of the pandemic seems to have negatively impacted demand recovery in Latin America’s biggest economy. Brazil’s gross domestic product (GDP) declined by 0.1% on a quarterly basis against market …

The World Health Organization (WHO) has warned that a new strain of the coronavirus has been detected in many countries across the world. Named Mu, the first case infected with the new variant was discovered in Colombia last January but has now been identified in 39 countries. It has become …