Gold trades at $1,782.3 per ounce, after ending yesterday at $1,782.4.
This uncertain state for Gold is reflected by published market data as United States API Weekly Crude Oil Stock released yesterday at 21:30 UTC with a figure of -6.43 million, while the previous figure was -7.85 million. United States Trade Balance (Oct) came out at -78.2 billion, while a consensus of analysts was expecting -80 billion. United States Exports is released with a new figure of 256.6 billion, this is down from preceding data of 258.5 billion.
Meanwhile, mixed performances are seen in other Metals as Copper is down 3.45 cents from the beginning of the session and now trades around $3.78. Palladium climbs 0.97% to trade around $1,869.5.
Furthermore, the market is looking at United States Crude Oil Inventories is projected to outperform its last figure with -3.31 million. It previously stood at -12.58 million; data will be released today at 15:30 UTC. United States Initial Jobless Claims expected to decline to 230,000 while its preceding data was 225,000, data will be available tomorrow at 13:30 UTC.
Gold is now trading 9.8% above the significant low ($1,623.3) it slumped to 2 months ago.