“U.S. PMI and Home Sales Data Release: Impact on Gold and Dollar”

Investing.com – U.S. PMI and home sales data were released a little while ago, which missed expectations.

Following the issuance of the data, it reduced its losses on the one hand, while reducing its gains on the other hand.

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Important data

The index recorded 48.5 points, at a time when experts expected 50 points to be recorded, while the previous reading was at 50.2 points.

Data came contrary to expectations, recording 54.5 points, compared to expectations of recording 50 points, while it recorded levels of 53.4 points in the previous month.

Data revealed unexpected data as well, as it recorded 55.1 points, against expectations of 52.6 points, and against the previous reading at levels of 53.6 points.

It recorded about 683 thousand units, compared to expectations of 663 thousand, and compared to the previous reading, which recorded 656 thousand.

While about 1.147 million statements were recorded, compared to expectations of 1.416 million, and compared to the previous reading of 1.430 million.

Gold and the dollar now

It is now declining by 0.2%, to $1,973 an ounce.

While spot contracts fell by 0.02% to 1971 dollars an ounce.

The dollar index rose by 0.17% to 103.252 points.

The markets are now baffled between expectations of moving to record levels and expectations of a halt in the rise in a changing macroeconomic environment.

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