GOLD: Upward Momentum is Unchangeable!
Hello everyone! Today i want to share some macro analysis with you!
1.
$Gold - main 2412(GCmain)$ Early Wednesday (30 October) Asian market, spot gold continued to rise, up to touch 2780 U.S. dollars / ounce, a new record high, October cumulative rise of nearly 150 U.S. dollars. The record high. Middle East tensions and U.S. election uncertainty to the gold price to provide upward momentum.
Today's noteworthy data and events are:
1. U.S. ADP employment for October;
2. U.S. real personal consumption expenditures in the third quarter of the preliminary quarterly rate;
3. the preliminary annualised quarterly rate of US real GDP for the third quarter;
4. the preliminary annualised quarterly rate of the US core PCE price index for the third quarter;
5. U.S. EIA crude oil inventories, Cushing, Oklahoma crude oil inventories, and Strategic Petroleum Reserve inventories for the week ending 25 October $XAU/USD(XAUUSD.FOREX)$
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