Risk-on mood helps IAU post 0.44% gain 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, 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) 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 is now trading 5.4% below the significant high of $38.86 it set around 23 days ago.