On a 3 day uptrend, Today's session might suggest a slow down — Gold trades at $1,838 per ounce, after ending yesterday at $1,836.7.
United States ISM Manufacturing PMI (Feb) is next.
CME Gold's state is reflected by market data as following a previous reading of 106, Consumer Confidence in United States released yesterday at 15:00 UTC fell short of the 108.5 figure expected by analysts with an actual reading of 102.9. United States API Weekly Crude Oil Stock came out at 6.20 million, while a consensus of analysts was expecting 440,000. United States Chicago PMI (Feb) released yesterday at 14:45 UTC with a figure of 43.6, while the previous figure was 44.3.
Meanwhile, mixed performances are seen in other Metals as Copper rises 1.11% to trade around $4.14. Platinum is up 0.88%.
Data to be released later is expected to clarify investor sentiment while boosting price action volatility as United States Crude Oil Inventories expected to decline to 457,000 while its preceding data was 7.65 million, data will be available today at 15:30 UTC. Tomorrow at 13:30 UTC data for United States Initial Jobless Claims will be released, with an expected decline to 195,000 from the preceding figure of 192,000. United States ISM Manufacturing PMI (Feb) is scheduled for today at 15:00 UTC.
CME Gold is now trading 13.15% above the significant low ($1,623.3) it slumped to 5 months ago.