July 27, 2009
Gold prices are little changed, while other metals are slightly higher amid a mixed batch of earnings reports and economic data.
RadioShack reported a bigger-than-expected second-quarter profit due to cost-cutting measures, but other companies like Aetna and
Honeywell International posted weaker results.
Meanwhile, the government reported that sales of new homes soared
in June, but prices were sharply lower than last year.
Commodities have been on an upward climb the past two weeks amid a stream of better-than-expected earnings reports, but investors have paused from buying in recent sessions, anxious for more clarity on the economy.
Gold prices are up 40 cents to $956.30 an ounce, while copper is up 2.3 cents to $2.5450 a pound.