CME Gold inches up to $1,752 per ounce, after ending the last session at zero cents (down 0%) .
Gold inches up 0% to close at $1,752 per ounce today. (Start trading CME Gold at FXTM today).
On the flip side, United States Initial Jobless Claims beat analyst expectations of 225,000 and the previous reading of 226,000 with new data of 222,000.
Meanwhile, United States Existing Home Sales (Oct) released today at 15:00 UTC with a figure of 4.43 million, while the previous figure was 4.71 million. United States Philadelphia Fed Manufacturing Index (Nov) came out at -19.4, while a consensus of analysts was expecting -6.2. United States Building Permits (Oct) came out at 1.53 million, while a consensus of analysts was expecting 1.51 million.
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 Initial Jobless Claims projected to come out at 225,000 — worse than previous data of 222,000; data will be released Wednesday.
Furthermore, the market is looking at United States Core Durable Goods Orders is projected to outperform its last figure with 0.1%. It previously stood at -0.5%; data will be released Wednesday.
The market is looking forward to the release of new data: United States New Home Sales (Oct) will be released Wednesday.