IAU closed at $36.92 after gaining 0.44% yesterday

Published: May 27 2023, 06:00 GMT+0

IAU closed at $36.92 after gaining 0.44% yesterday

A quick look at yesterday: iShares Gold Trust spiked to $37 yesterday and consolidated before initiating a fresh rally to $36.92. This comes following Thursday's session in which it closed at $36.76.

On the flip side, Core Durable Goods Orders in United States fell short of market expectations (0%) with a reading of -0.2%, continuing the decline from the previous figure of 0.3%.

Meanwhile, United States Core PCE Price Index (MoM) (Apr) came out at 0.4, while a consensus of analysts was expecting 0.3. United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 193,100, while the previous figure was 191,500.

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

23 days ago iShares Gold Trust reached a significant high of $38.86 but has consequently lost 5.4% since then.