IShares Gold Trust set for strong finish today; up 0.44% to $36.91

Published: January 25 2023, 20:45 GMT+0

IShares Gold Trust set for strong finish today; up 0.44% to $36.91

After closing the previous trading day at $36.75, iShares Gold Trust went up to $36.95 only to drop back; still positive overall today, now trading at $36.91.

Nevertheless, Crude Oil Inventories in United States fell short of market expectations (971,000) with a reading of 533,000, continuing the decline from the previous figure of 8.41 million.

Meanwhile, United States 5-Year Note Auction released today at 18:00 UTC with a figure of 3.53, while the previous figure was 3.973. Fresh Cushing Crude Oil Inventories data from United States came out at 4.27 million.

IShares Gold Trust shows positive signs, other assets are also on par: having closed the previous session at $19.16, AT&T is up 5.92% today to currently trade at around $20.3.

At the same time, NextEra Energy is down $6.79 from the beginning of the session and now trades around $77.11. HDFC Bank Limited drops 5.77% to trade around $67.32.

Also worthy of note, tomorrow at 13:30 UTC data for United States Core Durable Goods Orders will be released, with an expected decline to -0.2% from the preceding figure of 0.1%. Projections for United States GDP are set for a continuation of decline with 2.6 while previous data was 3.2; data will be released tomorrow at 13:30 UTC. United States Initial Jobless Claims projected to decline to 205,000 while previous data was 190,000; data will be released tomorrow at 13:30 UTC.

The fund has been trending positively for about 3 months. This year has been a bright one for iShares Gold Trust after trading as low as $30.82 and going on to appreciate by 5.36% year to date.

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