Gold Spot / U.S. DollarUpdated XAUUSD : Gold's boom continues after today's data
Gold is under pressure as the USD bounces up, waiting for the US core PCE report
Gold sweeps two-way as the market awaits the core PCE report, the Fed's favorite inflation gauge, tomorrow.
During the March 27 session, gold climbed above $2,193 before falling to $2,183 when the USD rebounded and then recovered and ended the day at $2,192 when US government bond yields simultaneously decreased. The market is currently awaiting the core PCE report - the Fed's favorite inflation measure - expected to be released later in the week.
Today, the market will receive a series of important economic data, including the GDP report, US home sales and the University of Michigan's consumer confidence index. Currently, gold is trading around the $2,190 area.
Gold sweeps two-way as the market awaits the core PCE report, the Fed's favorite inflation gauge, tomorrow.
During the March 27 session, gold climbed above $2,193 before falling to $2,183 when the USD rebounded and then recovered and ended the day at $2,192 when US government bond yields simultaneously decreased. The market is currently awaiting the core PCE report - the Fed's favorite inflation measure - expected to be released later in the week.
Today, the market will receive a series of important economic data, including the GDP report, US home sales and the University of Michigan's consumer confidence index. Currently, gold is trading around the $2,190 area.
Trade active
SELL 2195 - 2197TP 2190
TP2 2185
SL 2202
Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.