House costs jumped 7.7% in year through June, FHFA says

Source: Bloomberg
© Scanpix\Reuters
U.S. house costs increased 7.7% in the year through June, prolonging a rebound that's boosting more homeowners to sell their properties. Prices advanced 0.7% from May, which attracts more sellers to the market and pushes prices up. Diggle's company forecasts that prices will ease to 4% for 2014. The FHFA's data indicated home prices rose 17% from a year earlier in the Pacific region.

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Thu, 22 Aug 2013 15:12:08 GMT

Gold jumps as Dollar corrects following jobs report

Gold futures advanced on Thursday after the U.S. Dollar stopped appreciating following lower-than-expected U.S. jobless claims. Gold increased 0.48% to $1,376.80 per ounce and silver futures climbed 1.11% to $23.220 per ounce. The U.S. currency index retreated 0.47% to 81.597. The Bank of America forecasts that prices for bullion will be at $1,495 per ounce in the fourth quarter.

Thu, 22 Aug 2013 14:52:06 GMT

U.S. Dollar slides against the Euro on U.S. jobs data

U.S. Dollar retreated a little against the common currency on U.S. jobs data, which exceeded expectations. The greenback fell 0.20% to $1.3327 against the Euro at 12:32 p.m. GMT, while the U.S. currency added 0.46% to $1.5587 against the Sterling. The greenback was at one and a half month high against the loonie, when advancing 0.39% to $1.0511.

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