Gold traded at its highest level in the past month
Zaktualizowano
The global price of gold saw a significant increase in the past trading session to early morning due to the US reporting a lower-than-expected economic growth for the second quarter of 2023 compared to previous projections.
Specifically, the GDP for the second quarter of 2023 increased by 2.1% compared to the same period last year, which is lower than the 2.4% reported previously and below earlier forecasts. Prior to this, on August 29th, The US released consumer confidence index data for August showing a sharp decline from July's score of 117 points down to 106 points in August - significantly below the forecasted level of 116 points.
Specifically, the GDP for the second quarter of 2023 increased by 2.1% compared to the same period last year, which is lower than the 2.4% reported previously and below earlier forecasts. Prior to this, on August 29th, The US released consumer confidence index data for August showing a sharp decline from July's score of 117 points down to 106 points in August - significantly below the forecasted level of 116 points.
Komentarz
Stopping interest rates will help the USD sink further, this is an opportunity for investors to buy gold.
Powiązane publikacje
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.