"Data....showed the U.S. economy growing faster than expected in 3rd quarter, while jobless claims also fell more than anticipated.
“With these GDP prints and jobless claims, .....the data is fairly firm,” said Bart Melek, head of commodity strategies at TD Securities, adding that a solid economy and inflationary risks, including tariffs and spending cuts, reaffirm the Fed has little reason to be aggressive, which historically has not been good for non-yielding gold."
https://www.cnbc.com/2024/12/19/gold-recovers-from-one-month-low-on-short-covering.html?__source=iosappshare%7Ccom.thomasricouard.IceCubesApp.IceCubesShareExtension
Havyhh2 /
npub1pj…w9kjd
2024-12-19 23:44:24
Author Public Key
npub1pj59agw9mxf69aw6lpwzkmj55u6qx4qu7utjrml3znvkdnku4h0s4w9kjdSeen on
wss://relay.nostr.bandPublished at
2024-12-19 23:44:24Event JSON
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"content": "\"Data....showed the U.S. economy growing faster than expected in 3rd quarter, while jobless claims also fell more than anticipated.\n“With these GDP prints and jobless claims, .....the data is fairly firm,” said Bart Melek, head of commodity strategies at TD Securities, adding that a solid economy and inflationary risks, including tariffs and spending cuts, reaffirm the Fed has little reason to be aggressive, which historically has not been good for non-yielding gold.\"\n https://www.cnbc.com/2024/12/19/gold-recovers-from-one-month-low-on-short-covering.html?__source=iosappshare%7Ccom.thomasricouard.IceCubesApp.IceCubesShareExtension",
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