Or / Dollar AméricainMis à jour Gold traded at its highest level in the past month
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.
Note
Stopping interest rates will help the USD sink further, this is an opportunity for investors to buy gold.
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.