US data solidifies the hawkish stance of the Federal Reserve

GoldenOctober2024

2024-12-19 19:40:24

On December 20, Golden Ten Data reported that the rise in the US economy in the third quarter exceeded expectations, and the decline in the number of unemployment claims also exceeded expectations. Bart Melek, Head of Commodity Strategy at TD Securities, said that GDP data and the number of unemployment claims are quite strong, indicating a stable economy and inflation risk, which once again proves that the Federal Reserve has no reason to be aggressive, which is traditionally detrimental to gold.

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