IAU ascends to $36.92 after adding 0.44% yesterday

Published: May 27 2023, 02:41 GMT+0

IAU ascends to $36.92 after adding 0.44% 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, highly important Core Durable Goods Orders data from United States beat analyst expectations of 0% with a reading of -0.2%.

At the same time, 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. United States CFTC Crude Oil speculative net positions 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 went up by 5.84% yesterday, and closed at $29. Netflix is trading around $378.88 after ending yesterday's session at $359 (up 5.54% today).

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.