Share: Gold price looks supported but needs to pass through more filters for a confident reversal. US inflation grew slower than forecasted in July as lower second-hand automobile prices offset rising rentals. US President Biden restricts some new investment in China in sensitive technologies. Gold price (XAU/USD) faces selling pressure as the United States Producer Price
© Reuters. Investing.com – The U.S. dollar steadied in early European trade Friday in the wake of the latest consumer inflation release, while sterling bounced after stronger-than-expected U.K. growth data. At 03:10 ET (07:10 GMT), the , which tracks the greenback against a basket of six other currencies, edged lower to 102.350 but remains on
Inflation in the US is declining. It is a fact. But it still remains above the Fed’s 2% target. If at a meeting in July the Fed leaders, even in the face of declining inflation and approaching its target level, nevertheless raised the interest rate and expressed their readiness to continue the cycle of tightening
EUR/USD and EUR/JPY Forecast – Prices, Charts, and Analysis Euro Area growth remains minimal. Core inflation remains sticky at 5.5%. Recommended by Nick Cawley Get Your Free EUR Forecast The Euro Area economy expanded by 0.3% in Q2, according to the latest Eurostat data, slightly more than the 0.2% market forecast. Last month’s data was
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Share: Gold price falls back as Greenback swallows steroids amid US economic resilience. US Q2 GDP, demand for Durable Goods in June remained robust due to higher consumer spending. US recession fears fade significantly amid upbeat labor market conditions. Gold price (XAU/USD) recovers downside blip propelled by softer-than-anticipated United States Q2 Employment Cost index and
Share: Data released on Friday showed that Canadian GDP posted a 0.3% monthly increase in May, in line with forecasts. Analysts at CIBC pointed out that the economy had its ups and downs during the second quarter, but despite the monthly volatility, it appears that growth cooled a little more than the Bank
Atlanta Fed GDPNow growth est for Q3 starts at 3.5% The Atlanta Fed GDPNow model which forecasts growth for the quarter from published data has started its Q3 estimate at 3.5%. In their own words: The initial GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2023 is
Gold, Silver Analysis Recommended by Richard Snow Get Your Free Gold Forecast Dollar Boost Poses a Threat to the Long-Term Uptrend in Gold The long-term uptrend in gold, signified by the ascending channel came under pressure during the week ending 23 June after registering a break and close below channel support. This was followed up
Gold Price (XAU/USD) Analysis, Price, and Chart Strong US economic data send gold spinning lower. Friday’s Core PCE data will be key for gold going into the weekend. Recommended by Nick Cawley Get Your Free Gold Forecast Gold has given back $25+ today after the latest batch of US data showed the American economy in
