Wednesday, March 26, 2014
New Home Sales fell 3.3% in February with a reading of 440,000.
New Home Sales fell 3.3% in February with a reading of 440,000. People
are feeling optimistic about the economy as seen by yesterday’s Consumer
Confidence result of 82.3 vs. expectations of 78.6. Gold is seeing
light support as a safe haven
appeal, but the gains are short lived as the overall sentiment for the
metal is bearish amid expectations of rising rates. Physical demand for
gold remains very weak despite the lower prices. The Palladium situation
seems to be somewhat easing and the metal
is trading 1.53% on the downside this morning. Core Durable Goods
Orders for February are up .2% vs. January’s .9%.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment