After ending today at $1,684.5 per ounce, Gold inches up to $1,684.5 per ounce (up $1,684.5) .
Gold inches up 0% to close at zero cents today. (Trade CME Gold with FXTM now).
This move comes while some more positive signs for CME Gold are out as United States Core Retail Sales fell short of the 0.1% projections, with new data of -0.3%.
Nevertheless, highly important Retail Sales data from United States beat analyst expectations of 0.2% with a reading of 0.3%. United States Initial Jobless Claims improved upon its previous reading of 218,000 with a new data release of 213,000. United States Crude Oil Inventories released Wednesday is better than expected at 2.44 million but down from preceding data of 8.84 million according to new data.
Meanwhile, United States Philadelphia Fed Manufacturing Index (Sep) came out at -9.9, while a consensus of analysts was expecting 2.8.
Outlook for rest of the week: Today's gains have given market bulls further impetus to expect strong macro data going forward, such as United States Crude Oil Inventories expected to decline to 833,000 while its preceding data was 2.44 million, data will be available Wednesday. Projections for United States Initial Jobless Claims are set for a continuation of decline with 218,000 while previous data was 213,000; data will be released Thursday.
Elsewhere, United States Building Permits (Aug) scheduled to come out Tuesday.