The initial Gross Domestic Product data (Prelim GDP q/q) released yesterday showed a positive figure of 3.0% when it exceeded the expected figure (2.8%) and the figure released previously (2.8%).
Meanwhile, unemployment claims data also recorded good numbers showing that the number of individuals filing for unemployment benefits has decreased more than expected.
The reaction of the gold price also showed a decrease after the data released yesterday was good which was more in favor of the USD currency.
The Personal Consumption Expenditure (PCE) Price Index data will be the focus of investors tonight.
On the XAU/USD daily chart that measures the value against the US dollar where the price is around the 2524.00 level.
If the price wants to increase, we can wait for the 2529.00 zone for the price to test at that level.
If the price wants to go down, we can see the price reaction at the level of 2512.00.
The 2505.00 level will be the focus for price to test the zone if the price manages to break through the 2512.00 price.
