✉news BusinessEconomy first seen 7 h ago, last 1 h ago, peak #25
Gold surges as US economy grows 2.2% in Q2
Original: Gold price rockets to session highs as US economy rises 2.2% in Q2, PCE inflation rises 0.2% in August
Gold prices jumped to session highs after new US data showed the economy grew 2.2% in the second quarter, while the PCE price index, the Federal Reserve's preferred inflation gauge, rose just 0.2% in August. Traders read the combination of solid growth and muted inflation as supportive for bullion, boosting expectations of further interest rate cuts.
Why now: Fresh US GDP and PCE inflation figures moved gold and shaped expectations for Federal Reserve rate cuts.
Federal ReservegoldUnited States
Rank over time, top of the chart is #1. 2 snapshots from 7 h ago to 1 h ago.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/491354