Risk-on mood helps IAU post 0.52% gain today

Published: January 25 2023, 21:20 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, following a previous reading of 8.41 million, Crude Oil Inventories in United States released today at 15:30 UTC fell short of the 971,000 figure expected by analysts with an actual reading of 533,000.

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. 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: notably, AT&T rose 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. After ending today's session at $71.44, HDFC Bank Limited lost $4.51 and is trading around $66.93.

Also worthy of note, United States Core Durable Goods Orders expected to decline to -0.2% while its preceding data was 0.1%, data will be available tomorrow at 13:30 UTC. United States GDP projected to come out at 2.6 — worse than previous data of 3.2; data will be released tomorrow at 13:30 UTC. As things stand, upcoming United States Initial Jobless Claims data is projected to fall short of market expectations with newly published data of 205,000, following on from the preceding figure of 190,000. New data is set to be published 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.