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Gold Prices Slip on Strong Earning Reports and U.S. Housing Data

April 25, 2019 / www.investing.com
Investing.com - Gold prices slipped on Wednesday in Asia, pressured by strong earning reports stateside and strong U.S. housing data released overnight.Gold futures for June delivery, traded on the Comex division of the New York Mercantile Exchange, were down 0.1%, at $1,271.75 per ounce by 1:40 AM ET (05:40 GMT).A wave of better-than-expected earnings results from U.S.-listed companies including Hasbro (NASDAQ:HAS), Twitter and Coco-Cola supported risk sentiment and put pressure on safe-haven gold.Strong U.S. housing data also dampened concerns about an economic slowdown in the country.Overnight, the Commerce Department said new home sales rose 4.5% to a seasonally adjusted annual rate of 692,000 units last month, the highest level since November 2017. That was well above economists&rsquo...

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Gold
1,281.12
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Platinum
890.41
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Palladium
1,411.31
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Aluminum
0.84
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Cobalt
15.76
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Iron Ore Fines
71.00
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