Investing.com – Gold prices rose significantly during these trading moments, on Tuesday, after US retail sales data indicated that the US economy is heading towards recession, which prompts the Federal Reserve to ease its tightening monetary policy for the coming period.
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Although the data supports the dollar’s decline, it has remained consistent so far and has not turned downwards, as it rises slightly during these moments of the day’s trading, and although gold’s interaction with the data increases and it does not care about the steadfastness of the dollar index, given that the yellow metal is going against dollar trend.
And it recorded 0.2% less than the expectations of experts, who expected a rise of 0.3%, while the previous reading was 0.3%.
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As for it, it recorded a decrease from the previous month and increased by 1.49%, and the last recorded rate was 1.96%, and expectations indicated an increase of 1.6%.
At the same time, it recorded an increase of 0.2%, contrary to experts’ expectations for an increase of 0.5%, as it recorded a previous reading of 0.5%.
To read the data report:
Gold and the dollar now
It rose 1.5% to 1986 dollars.
It rose 1.4% at $1,982 an ounce.
While it settles at 99,540 points.
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2023-07-18 14:27:00
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