Gold on run for 20 $ rise.
Today, several key economic events are happening in the U.S.:
Initial Jobless Claims (for the week ending October 19): This report provides insights into the health of the U.S. labor market by showing the number of individuals who filed for unemployment insurance for the first time.
Durable Goods Orders (September): This data reflects new orders placed with manufacturers for long-lasting products, such as vehicles and appliances. It offers a glimpse into manufacturing demand and overall business confidence.
Pending Home Sales Index (September): This measures the change in the number of homes under contract to be sold but still awaiting the closing transaction, indicating the strength of the housing market.
These reports will give insights into economic momentum, labor market conditions, and business activity, which are all crucial for market participants and policymakers.
Additionally, the Federal Reserve's next policy meeting is scheduled for early November, where interest rate decisions will be discussed, making today's data releases significant for future monetary policy.
So now, Gold can climb high to 20 $ approx, if the economic event news are not in favour of USD and XAU will find a legit reason to climb up the ladder.
Initial Jobless Claims (for the week ending October 19): This report provides insights into the health of the U.S. labor market by showing the number of individuals who filed for unemployment insurance for the first time.
Durable Goods Orders (September): This data reflects new orders placed with manufacturers for long-lasting products, such as vehicles and appliances. It offers a glimpse into manufacturing demand and overall business confidence.
Pending Home Sales Index (September): This measures the change in the number of homes under contract to be sold but still awaiting the closing transaction, indicating the strength of the housing market.
These reports will give insights into economic momentum, labor market conditions, and business activity, which are all crucial for market participants and policymakers.
Additionally, the Federal Reserve's next policy meeting is scheduled for early November, where interest rate decisions will be discussed, making today's data releases significant for future monetary policy.
So now, Gold can climb high to 20 $ approx, if the economic event news are not in favour of USD and XAU will find a legit reason to climb up the ladder.
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