Investing.com UK on Nostr: Gold price recovers amid uncertain US economic outlook ========== The price of a troy ...
Gold price recovers amid uncertain US economic outlook
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The price of a troy ounce of gold climbed to 2330.00 USD on Friday. This surge was driven by investors' ongoing evaluation of the potential direction of the US Federal Reserve's monetary policy following mixed macroeconomic data. The US GDP for Q1 did not meet expectations, marking the slowest recovery in two years. The economy expanded by only 1.6%, significantly lower than the forecasted 2.5%. The underwhelming economic performance might prompt the Fed to consider a reduction in interest rates. However, a localized acceleration in consumer inflation suggests that monetary policy might remain restrictive for longer. Today, the stock exchange will focus on the March Core PCE figures, which are expected to provide further insights into the Federal Reserve's monetary policy outlook.
#GoldPrice #UsEconomicOutlook #Investors #FederalReserve #MonetaryPolicy #MacroeconomicData #Gdp #InterestRates #Inflation #StockExchange #CorePce
https://uk.investing.com/analysis/gold-price-recovers-amid-uncertain-us-economic-outlook-200606053
==========
The price of a troy ounce of gold climbed to 2330.00 USD on Friday. This surge was driven by investors' ongoing evaluation of the potential direction of the US Federal Reserve's monetary policy following mixed macroeconomic data. The US GDP for Q1 did not meet expectations, marking the slowest recovery in two years. The economy expanded by only 1.6%, significantly lower than the forecasted 2.5%. The underwhelming economic performance might prompt the Fed to consider a reduction in interest rates. However, a localized acceleration in consumer inflation suggests that monetary policy might remain restrictive for longer. Today, the stock exchange will focus on the March Core PCE figures, which are expected to provide further insights into the Federal Reserve's monetary policy outlook.
#GoldPrice #UsEconomicOutlook #Investors #FederalReserve #MonetaryPolicy #MacroeconomicData #Gdp #InterestRates #Inflation #StockExchange #CorePce
https://uk.investing.com/analysis/gold-price-recovers-amid-uncertain-us-economic-outlook-200606053