The rapid disappearance of precious metals' gains followed the release of positive US economic data that exceeded market expectations. Specifically, the US GDP in Q2 increased by 2.4%, surpassing economists' expectations of 1.8%.
Additionally, the strength of the labor market is another factor that influenced the reversal of gold. The weekly jobless claims decreased by 7,000 to 221,000, lower than the estimated 228,000. Economists anticipated an increase to 234,000.
Additionally, the strength of the labor market is another factor that influenced the reversal of gold. The weekly jobless claims decreased by 7,000 to 221,000, lower than the estimated 228,000. Economists anticipated an increase to 234,000.
코멘트:
Gold prices rebounded to the significant level of $1,950 today after a sharp decline yesterday. The US Department of Commerce reported a core personal consumption expenditure (PCE) price index increase of 0.2% last month, following a 0.3% rise in May. This inflation growth aligns with economists' expectations.
코멘트:
Former US President Donald Trump said today, Friday, that he will not end his 2024 presidential campaign even if he is proven guilty and sentenced on several charges against him.
Trump's comments come a day after federal prosecutors expanded the scope of the investigation into the case against him regarding his handling of classified documents after leaving office.
Trump's comments come a day after federal prosecutors expanded the scope of the investigation into the case against him regarding his handling of classified documents after leaving office.
코멘트:
According to CME Group's FedWatch tool, most investors believe that the Fed last increased interest rates in July. Interbank borrowing costs in the US have risen by an additional 25 basis points, ranging from 5.25% to 5.5%. When interest rates stop rising, the USD will become less attractive to foreign investors seeking high returns, meaning that this currency may weaken compared to its counterparts.
