U.S. inflation data impacts gold price and GDP growth.
TL;DR Summary
Gold and silver prices are slightly weaker but have rebounded from daily lows in early US trading Friday, in the immediate aftermath of US inflation data that ran a little hotter than market expectations. A higher US dollar index on this last trading day of April is also a negative for the metals markets. Traders and investors are already looking ahead to next week when the Federal Reserve’s Open Market Committee (FOMC) meets and is expected to raise the key US interest rate by 0.25%.
- Gold price modestly lower as U.S. inflation data a bit hotter than forecast Kitco NEWS
- What the latest GDP report says about the strength of the U.S. economy PBS NewsHour
- U.S. GDP rose at a 1.1% pace in the first quarter as signs build that the economy is slowing CNBC
- Inflation Makes Shoppers Cut Back On Everything But Necessities Investopedia
- US dollar gains as inflation data backs Fed rate hike; yen sinks By Reuters Investing.com
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