Positive Data Released Amid Gold Resilience By Investing.com

Positive Data Released Amid Gold Resilience By Investing.com
Positive Data Released Amid Gold Resilience By Investing.com

© Reuters.

Investing.com – The personal consumption expenditures index has just been released in the United States, which is the most important among the inflation data, as it is relied upon in determining the position of US inflation.

The Personal Expenditure Index is divided between a basic indicator and a general indicator, each of which is measured on a monthly and annual basis.

Readings came in at 3.6%, equal to the estimate and steady at 3.6%, the highest since August 1991.

On a monthly basis, it rose 0.3% and was expected to reach 0.2%.

He scored 4.2 points, and the previous result was 4.2%, while he came with 0.4%, and the previous result was 0.4%.

The monthly came in line with expectations, as it recorded 0.8%.

It came in positive as it recorded a growth of 0.2% and the estimate was to stand at 0.3%.

This comes in the wake of repeated statements by the Federal Reserve, its president and its members about inflation and that it will continue to rise in the short term, but will decline in the long term. However, some voices have warned of an increase in inflation and that it is out of control.

US Treasury Secretary Janet Yellen said she expects inflation to reach 4 percent by the end of the year. It is noteworthy that the Fed’s goal is to keep inflation below 2%, and Powell has predicted that with next year inflation will start to decline to end the year near the 2% levels.

market now

And it records in these moments at $ 1752.95 an ounce, down by 0.26%, while it records at $ 1753.20 an ounce, down by 0.22%.

And it is recorded at $ 74.47 a barrel, down 0.79%, while its price is set at $ 77.86 a barrel, down by 0.6%.

While the American recorded 94.06, down by 0.18%.

G continues to profit today as it rises by 9% to reach its price of 47,347.5 dollars for the symbol.

A survey conducted by Bank of America (NYSE:) (NYSE:BAC) and reported by Reuters revealed that global stock and bond funds saw modest inflows at the expense of cash and gold even as global markets hit severe hurdles this week, which was dominated by concerns about the US debt ceiling. and energy shortages in Europe and China.

On a weekly basis, investors poured $9.2 billion into stocks and $8 billion into bonds, while reclaiming $0.6 billion in gold and $6.6 billion in cash, respectively.

Digging deeper, investments flowed more broadly into the financial, energy and venture capital sectors, while emerging market debt funds saw significant outflows due to higher bond yields.

Update at 17:00 Riyadh time

The results of the University of Michigan indicators appeared and were positive in general, as it recorded a rise to 72.8 points, and the experts’ estimate was up to 71 points.

As for the university index, it reached 68.1 compared to the expected 67.1.

The university’s expectations came high at 4.6%, but it was lower than expectations of 4.7%.

It was also released and achieved 61.1 positive points, as it came higher than expectations of 59.6 points.

He also scored 50.2 points.

Prices now

Gold is now recording 1758.14 with a marginal move around the starting price of the session, while gold contracts are recording 1758.65, an increase of 0.1%.

As for it, it recorded 94.03, down by 0.21%.

It rises 2.04% and its price reached $22.517.

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