Risk-on mood helps IAU post 0.44% gain today

Published: May 26 2023, 22:31 GMT+0

Risk-on mood helps IAU post 0.44% gain today

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

Nevertheless, data from United States concerning Core Durable Goods Orders was released today at 12:30 UTC. Newly published figures emphasized continued decline from last month's figure of 0.3% to -0.2% this month. Highly important Pending Home Sales data from United States beat analyst expectations of 0.5% with a reading of 0%.

Meanwhile, United States Core PCE Price Index (MoM) (Apr) released today at 12:30 UTC with a figure of 0.4, while the previous figure was 0.3.

Other markets are also showing gains as Costco went up by 4.26% today, and closed at $507.26. Intel jumps 5.84% today and closed at $27.4. Netflix went up by 5.54% today, and closed at $378.88.

IShares Gold Trust is now trading 5.4% below the significant high of $38.86 it set around 22 days ago.