Risk-on mood helps IAU post 0.52% gain today

Published: January 25 2023, 23:16 GMT+0

Risk-on mood helps IAU post 0.52% gain today

A quick look at today: after ending yesterday at $36.75, iShares Gold Trust went up to $36.95 only to drop back, yet still traded well overall and closed at $36.94 today.

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.

At the same time, 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. United States Cushing Crude Oil Inventories released today at 15:30 UTC with a figure of 4.27 million, while the previous figure was 3.65 million.

IShares Gold Trust shows positive signs, other assets are also on par: AT&T shoots up 6.58% today and closed at $19.16.

Meanwhile, NextEra Energy is down to $76.59, losing $7.31, after ending the previous session around $83.9. HDFC Bank Limited lost 6.31% today and closed at $71.44.

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

The fund has been trending positively for about 3 months. IShares Gold Trust has gained 5.36% since its lowest print of $30.82 earlier this year.

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