
The point is Im unsure gold traders are paying excessive attention to each specific report, however rather picked reports that in fact move U.S. Treasury yields and affect Fed policy. For the week, April Comex gold settled at $1332.80, up $10.70 or +0.81%. Because of the federal government shutdown in January, should we be stressed about the accuracy of U.S. long lasting products or retail sales data? Additionally, last week the Philly Fed Manufacturing Index posted a depressing -4.1, down from 17.0. . Combined U.S. economic data continued to be the source of confusion for gold traders. Just like a lot of financial reports, there is always a problem with evaluating its future impact since information falls into 3 classifications: […]