Gold prices rose more than $47 during the American session. XAUUSD hit a low of $1,902/oz following the release of US economic data. From the $1,900.51 area XAUUSD rebounded strongly, and traded at $1,946, the highest level since Monday. The overall weakness of the US Dollar triggered a gold rally.
The USDIndex overall flat, failing to sustain gains and tends to weaken towards the market close. It rose to 93.36 after the better-than-expected US Durable Goods Orders report, and is currently below 93.00.
Silver also rebounded sharply in US hours. XAGUSD found support at 26.00, and printed a daily high above 27.00.
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Ady Phangestu
Market Analyst – HF Educational Office – Indonesia
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