And recorded gold prices today, 21 karat records 782 pounds, 18 karat records 670 pounds, 24 karat records 884 pounds, and the gold pound records 6256 pounds.
What events have we had all this week that directly impacted gold trading, Monday 18th October Chinese GDP, Chinese Retail Sales, US Industrial Production and Business Outlook survey were released from the Bank of Canada.
On Tuesday, October 19, the minutes of the monetary policy meeting were approved by the Reserve Bank of Australia. On Wednesday, October 20, it carried several events, including the announcement of the British CPI, the final reading of the CPI in its core value in the Eurozone, the Canadian CPI and US crude oil inventories.
A day before the market closed, the Philadelphia Manufacturing Index, US Weekly Unemployment Benefits, US Existing Home Sales, RBA Governor Lowe’s speech and GFK UK Consumer Confidence were announced.
On Friday, October 22nd, the preliminary reading of the UK manufacturing and services PMI, the preliminary reading of the manufacturing and services PMI in the Eurozone, the preliminary reading of the US manufacturing and services PMI, the Canadian retail sales and the US Treasury currency report were released.
These economic events had clear effects on the price of gold, as global prices recorded levels exceeding $1800, then the price fell below $1,780, and finally the market closed at $1,792.
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