U.S. data solidifies Fed's hawkish stance
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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Americans are starting to use bitcoin mining equipment to heat their homes during winter
Bit Digital releases Q3 financial report: Ethereum holdings increase to 153,547, staking income reaches $29 million
Trending news
MoreCrypto prices
More
