Gold and silver futures on track to finish at two-week highs
Gold and silver futures climbed Thursday, with prices for both metals headed for their highest settlements in two weeks,(that habbens in about 30m at 1:30pm EST)as U.S. economic data raised prospects for Federal Reserve interest-rate cuts later this year. The Philadelphia Federal Reserve said Thursday its gauge of regional business activity inched down to 1.3 in June from 4.5 in the prior month. The latest reading is the lowest since January.
New U.S. jobless claims, meanwhile, declined to 238,000 last week from 243,000 in the prior week, the government reported Thursday,while construction of new U.S. homes fell 5.5% in May, the lowest level in four years.
Against that backdrop, August gold rose $26.x, or 1.11% to $2,368.20 an ounce on Comex, while July silver added $1.086, or 3.7%, to $30.65 an ounce.
Based on the most-active contracts, gold and silver futures were poised for their highest settlements since June 6, according to Dow Jones Market Data.
https://www.marketwatch.com/story/gold-and-silver-futures-on-track-to-finish-at-two-week-highs-ff314c59
https://tradingeconomics.com/commodity/gold
https://tradingeconomics.com/commodity/silver
In ded housing market news
Realtor.com Reports Active Inventory Up 36.0% YoY
https://www.calculatedriskblog.com/2024/06/realtorcom-reports-active-inventory-up_02005548231.html