XAUUSD : Gold's boom continues after today's data
Gold is under pressure as the USD bounces up, waiting for the US core PCE report
Gold sweeps two-way as the market awaits the core PCE report, the Fed's favorite inflation gauge, tomorrow.
During the March 27 session, gold climbed above $2,193 before falling to $2,183 when the USD rebounded and then recovered and ended the day at $2,192 when US government bond yields simultaneously decreased. The market is currently awaiting the core PCE report - the Fed's favorite inflation measure - expected to be released later in the week.
Today, the market will receive a series of important economic data, including the GDP report, US home sales and the University of Michigan's consumer confidence index. Currently, gold is trading around the $2,190 area.
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