CME Gold increases slightly to $1,927.7 per ounce (a 0% gain) after closing the previous session at zero cents .
Gold increases slightly 0% to close at $1,927.7 per ounce today. (Trade CME Gold with FXTM now).
On the flip side, United States Crude Oil Inventories beat the -593,000 projections, with 8.41 million. Highly important Initial Jobless Claims data from United States beat analyst expectations of 214,000 with a reading of 190,000.
At the same time, United States Existing Home Sales (Dec) came out at 4 million, while a consensus of analysts was expecting 3.96 million. United States Philadelphia Fed Manufacturing Index (Jan) released yesterday at 13:30 UTC with a figure of -8.9, while the previous figure was -13.7. United States Building Permits (Dec) released yesterday at 13:30 UTC with a figure of 1.33 million, while the previous figure was 1.35 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 Thursday data for United States Core Durable Goods Orders will be released, with an expected decline to -0.1% from the preceding figure of 0.1%. United States Crude Oil Inventories projected to come out at -593,000 — worse than previous data of 8.41 million; data will be released Wednesday.
Also worthy of note, United States Pending Home Sales is projected to outperform its last figure with -1%, having previously been at -4%. The figure will be published Friday.