U.S. data solidifies Fed's hawkish stance
Data showed that the US economy grew faster than expected in the third quarter, while jobless claims fell more than expected. Bart Melek, head of commodities strategy at TD Securities, said the GDP data and jobless claims were quite firm, with solid economic and inflation risks, proving once again that the Fed has little reason to be aggressive, which traditionally works against gold.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Federal Reserve Governor Bowman Says Investment Restrictions May Affect Recruitment of Expert Examiners
Fed Governor Bowman Says Holding Cryptocurrency Helps Understand the Market
Trending news
MoreCrypto prices
More
