IAU added 0.44% to close at $36.92 yesterday

Published: May 27 2023, 04:26 GMT+0

IAU added 0.44% to close at $36.92 yesterday

Yesterday at a glance: after closing at $36.76 on Thursday, iShares Gold Trust rallied as high as $37 but ended the day at $36.92.

Nevertheless, following a previous reading of 0.3%, Core Durable Goods Orders in United States released yesterday at 12:30 UTC fell short of the 0% figure expected by analysts with an actual reading 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.

IShares Gold Trust shows positive signs, other assets are also on par: notably, Costco rose 4.26% yesterday and closed at $486.55. Intel leaps up 5.84% yesterday and closed at $27.4. Netflix surges 5.54% yesterday and closed at $359.

Approximately 23 days ago, iShares Gold Trust reached a significant high of $38.86 but has struggled to hold onto its gains and declined 5.4% since then.