US economic data on June 27 was not very positive: the number of applications for unemployment benefits reached the highest level since November 2021, the number of durable goods orders showed a bad signal for Q2 GDP, sales Pending home sales hit a record low, and finally, the Kansas Fed's manufacturing activity stagnated for the 21st straight month.
World gold prices are slightly decreasing, fluctuating around 2,320 USD/ounce.
XAU/USD had a positive trading session, rising more than $30 to $2,329 an ounce on Thursday. World gold prices have recovered from their lowest level in 2 weeks thanks to the weakening of the USD, after a series of data showed that the US economy is slowing down, reinforcing expectations of lowering interest rates by the Fed.
The market is currently paying attention to important US inflation data today for more clues about the Fed's interest rate path.
World gold prices are slightly decreasing, fluctuating around 2,320 USD/ounce.
XAU/USD had a positive trading session, rising more than $30 to $2,329 an ounce on Thursday. World gold prices have recovered from their lowest level in 2 weeks thanks to the weakening of the USD, after a series of data showed that the US economy is slowing down, reinforcing expectations of lowering interest rates by the Fed.
The market is currently paying attention to important US inflation data today for more clues about the Fed's interest rate path.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.