Gold rises after mixed economic data

2021-11-24 22:01:51 GMT (Economies.com)
Gold rises after mixed economic data

Gold prices rose on Wednesday, despite the US dollar's rise against most currencies, after the release of mixed economic data.

 

Data showed today that the second reading of the US GDP grew 2.1% in the third quarter, on par with forecasts.

 

The US Department of Labor revealed that the number of initial unemployment claims fell to 199K last week from 270K, better than forecasts of 259K.

 

The US durable goods orders index fell 0.5% last month, missing forecasts of a rise by 0.2%, and the core reading rose 0.5%, on par with forecasts.

 

The personal consumption expenditures index rose 0.5% in October, as the market expected for the second straight month.

 

The dollar index rose against a basket of major currencies by 0.4% to 96.8 points as of 20:34 GMT, after hitting a high of 96.9 points and a low of 96.4 points.

 

Gold spot prices rose 0.2%, to $1,787.5 an ounce as of 20:34 GMT.

 
 
 
  Symbol Last Change Chg.%
1.1311
0.0041
0.3629%
1.3316
0.0006
0.0481%
Tadawul
10810.60
-60.02
0.55%
22.910
-0.135
0.584%
68.716
-3.685
5.090%
72.22
-1.22
1.66%
1794.405
9.315
0.522%
 
 
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