Friday, May 30, 2014

US releases

Gold prices continues to trade at its lowest levels since February, with a spot price of $1255.27 per ounce in Friday’s European session. The metal has notreacted to a decline in US GDP in Q1. In other US releases, Unemployment Claims were sharp but Pending Home Sales fell short of the estimate. On Friday, there are no major events on the schedule. Today’s highlights are Chicago PMI and Revised UoM Consumer Sentiment.