CME Gold is trading around $1,928.4 per ounce after ending the previous session at zero cents (up 0%) .
A good end to the trading week, Gold is up to $1,928.4 per ounce, after closing yesterday at zero cents. Overall, a 0% move or $1,928.4 this week. (Start trading Gold at FXTM today).
This move comes while some more positive signs for CME Gold are out as highly important Consumer Confidence data from United States beat analyst expectations of 109 with a reading of 107.1.
Nevertheless, highly important Pending Home Sales data from United States beat analyst expectations of -0.9% with a reading of 2.5%. Highly important Core Durable Goods Orders data from United States beat analyst expectations of -0.2% with a reading of -0.1%.
At the same time, United States Core PCE Price Index (MoM) (Dec) released Friday with a figure of 0.3, while the previous figure was 0.2. United States New Home Sales (Dec) came out at 616,000, while a consensus of analysts was expecting 617,000.
Outlook for rest of the week: Today's gains are adding to bullish investor sentiment as robust macro data is expected for release later today; United States Crude Oil Inventories projected to come out at -1,000,000 — worse than previous data of 533,000; data will be released tomorrow at 15:30 UTC.
Also worthy of note, United States ADP Nonfarm Employment Change (Jan) scheduled to come out tomorrow at 13:15 UTC. United States Interest Rate is expected tomorrow at 19:00 UTC.