GOLD LOOKS TO HOUSING , PMI AND CONSUMER SENTIMENT DATA FOR DIRECTION NEXT WEEK

What happened: Gold enters the coming week with investors watching U.S. housing, jobless claims, PMI and consumer sentiment data for direction ahead of the Fed's October 27-28 meeting. Key numbers: Gold rebounded above $4,150 an ounce Thursday; silver traded around $57 an ounce. Housing starts were 1.275 million annualized; building permits 1.403 million. Why it matters: Softer housing, rising claims and weaker PMI could reinforce expectations the Fed holds rates in October and support gold. Stronger activity or persistent inflation could revive tightening expectations and pressure bullion.

Gold enters the coming week with investors watching U.S. housing, jobless claims, PMI and consumer sentiment data for direction ahead of the Fed's October 27-28 meeting.

Softer housing, rising claims and weaker PMI could reinforce expectations the Fed holds rates in October and support gold. Stronger activity or persistent inflation could revive tightening expectations and pressure bullion.