U.S. GDP In The Second Quarter Was Worse Than Market Expectations
The initial value of the US gross domestic product (GDP) in the second quarter increased by 6.5% on a quarter-on-quarter basis, which was far lower than the market forecast of 8.5%, and the previous value increased by 6.3%. The data may reflect those factors such as soaring inflation, supply chain disruption, and labor shortages are inhibiting local economic growth. During the period, the initial value of personal consumption expenditure increased by 11.8% year-on-year, which was higher than market expectations and the previous quarter’s 10.5% and 11.4% respectively. As for the initial value of the core PCE price index for personal consumption expenditure, it rose by 6.1% year-on-year, which was in line with market expectations, but the growth rate was much higher than the 2.7% revised in the previous quarter.
The Price Of Gold Rises Due To The Bad U.S. Economy
On Friday (July 30) Asian markets in early trading, the US dollar index continued to be under pressure, and is now at around 91.90. The US GDP data released on Thursday was less than expected, which put the US dollar under significant downward pressure, which pushed the price of gold to rise sharply and kept the gold price strong. The price of gold was trading above US$1830 per ounce. The Fed’s dovish stance was already bullish on the US dollar. cause some damages. On Friday, investors will usher in the most popular inflation indicator of the Federal Reserve (FED)-the PCE price index. The performance of this data is expected to have an important impact on market trends. The US Federal Open Market Committee (FOMC) decided to maintain its key interest rate at a near-zero level at a policy meeting that ended on Wednesday. The Fed stated that the U.S. economy and job market continued to strengthen, reiterating that rising inflation is only a temporary factor, and continued to move toward reducing its bond purchase plan. However, the Fed emphasized that policymakers need more economic improvements before they can clearly adopt austerity measures.
場外式黃金/白銀交易由 Max Online 提供。場外式黃金/白銀交易涉及高度風險，未必適合所有投資者。高度的槓桿可為閣下帶來負面或正面的影響。場外式黃金/白銀並非受證券及期貨事務監察委員會（「證監會」）監管，因此買賣場外式黃金/白銀將不會受到證監會所頒布的規則或規例所約束，包括（但不限於）客戶款項規則。閣下在決定買賣場外式黃金/白銀之前應審慎考慮自己的投資目標、交易經驗以及風險接受程度。可能出現的情況包括蒙受部分或全部初始投資額的損失，或在極端情況下（例如相關市場跳空）產生更多的損失。因此，閣下不應將無法承受損失的資金用於投資。投資應知悉買賣場外式黃金/白銀有關的一切風險，如有需要，請向獨立財務顧問尋求意見。
