U.S. data solidifies Fed's hawkish stance
Bitget2024/12/19 22:36
Data showed that the US economy grew faster than expected in the third quarter, while jobless claims fell more than expected. Bart Melek, head of commodities strategy at TD Securities, said the GDP data and jobless claims were quite firm, with solid economic and inflation risks, proving once again that the Fed has little reason to be aggressive, which traditionally works against gold.
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