Precious metals are losing a bit of steam amid a strengthening US Dollar (USD), TDS Senior Commodity Strategist Ryan McKay notes Economic data to influence appetite for Gold “Looking forward, traders are watching the data like hawks and a host of economic data this week could influence the macro cohort’s appetite for Gold (XAU/USD).” “The PCE data will be top of mind after the below consensus CPI and PPI data, and we look for the core segment to advance at its softest monthly pace of the year at 0.13%.
Related Articles
US leading Index for October -0.4% vs -0.3% estimate
Prior month -0.3% revised from -0.5%Leading index -0.4% vs -0.3% estimate. One...
US existing home sales for October 3.96M versus 3.93M
Prior month 3.84M annualized rate revised to 3.83MExisting home sales percentage change...
BOE Mann: BOE should hold rates longer to evaluate persistence
BOE Mann (hawk) says:BOE should hold rates longer to evaluate processesCan make...
NZDUSD index moves lower and sellers are in control, but there is some key support holding
The NZDUSD fell sharply last week and in the process fell below...
Leave a comment