Tag Archives: GDP

Gold Continues to Climb Ahead of U.S. Inflation Data Release

Gold Continues to Climb Ahead of U.S. Inflation Data Release: Gold prices are rising during today’s Thursday trading amid anticipation
of the release of June U.S. inflation data. The data will help investors determine the Federal Reserve’s future path.

 

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International Energy Agency
UK GDP 

Gold continues to rise

 

 

 

 

The International Energy Agency announces a slowdown in oil demand in the second quarter.

The International Energy Agency announced a slowdown in global oil demand growth to 710,000 barrels per day
on a year-on-year basis in the second quarter of 2024, marking the slowest increase since the fourth quarter of 2022 amid a contraction in Chinese consumption.

 

UK GDP rises to 0.4% in May

The UK’s GDP increased by 0.4% in May after stabilizing in April.
The UK’s GDP grew by 0.9% in the three months ending in May.

 

Gold continues to rise amid anticipation of the U.S. inflation data announcement

Gold prices are rising during today’s Thursday trading amid anticipation of the release of June U.S. inflation data.
The data will help investors determine the Federal Reserve’s future path.

 

Gold Continues to Climb Ahead of U.S. Inflation Data Release

Final Reading of U.S. GDP Data Surprises Markets

Final Reading of U.S. GDP Data Surprises Markets: The final reading of the U.S. GDP data, released by the Bureau of Economic Analysis on Thursday,
showed that the GDP growth rate for the first quarter of this year was revised upward, aligning with market expectations.

 

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The data revealed that the U.S. GDP grew by 1.4% in the first quarter,
matching the anticipated 1.4% growth, up from the initial 1.3% growth reported for the previous quarter.

The GDP price index also grew by 3.1% in the first quarter, slightly above market expectations of 3.0%.

The press release highlighted that the increase in real GDP primarily reflected rises in consumer spending,
fixed residential investment, non-residential fixed investment, and state and local government spending,
partially offset by a decline in private inventory investment and an increase in imports.

Markets closely watch GDP data, which provides a clearer picture of the U.S. economy’s quarterly performance.
Positive data exceeding market expectations generally has a favorable impact on the dollar,
while lower-than-expected readings can negatively affect it.

 

 

Final Reading of U.S. GDP Data Surprises Markets