Bullish sentiment helps propel Gold to 0.12% gain

Published: May 27 2023, 01:56 GMT+0

Bullish sentiment helps propel Gold to 0.12% gain

Yesterday at a glance: Gold ended Thursday at $1,943.7. yesterday it went up to $1,957 only to drop back, yet still managed to close at $1,946 per ounce.

CME Gold upside coincides with further encouraging market factors as United States Core Durable Goods Orders fell short of the 0% projections, with new data of -0.2%.

Meanwhile, United States Core PCE Price Index (MoM) (Apr) released yesterday at 12:30 UTC with a figure of 0.4, while the previous figure was 0.3. Fresh CFTC Crude Oil speculative net positions data from United States came out at 193,100.

A look at other Metals also shows upside as notably, Copper rose 2.33% yesterday and closed at $3.59. Silver surges 2.34% yesterday and closed at $22.91.

Gold reached a significant high of $2,058.7 around 23 days ago but has lost 5.59% since then.