logo [F -ka] logo

Blog - xysoom

Collapsed U.S. GDP Was Followed by a Slump in Gold Prices

3 sierpnia 2020, 16:59
Ocena 0.00
Collapsed U.S. GDP Was Followed by a Slump in Gold Prices

On July 30 (local time), the U.S. Commerce Department reported that U.S. GDP shrank by 32.9% in the second quarter, according to the advance estimates. This is the largest collapse since 1940s, dramatically dragging down all the oil prices, stock indexes and gold prices.To get more news about upstox, you can visit wikifx news official website.
  The sharp drop in U.S. Q2 economy was largely driven by the rapid decline in consumer spending. Among the whole economy, private consumption accounted for 65-70%. As consumers are much more conscious of saving money in times of the pandemic, the provided unemployment benefits and paper checks cannot bring consumption back from the downtrend.
  Above information triggered the overall loss in the three U.S. stock indices. In terms of futures, oil jumped more than 3% while WTI and Brent Crude both closed lower. At the same time, gold prices eased back to $1945.40 per ounce, down 0.4%.

  WikiFX reminds investors of possible exposure to credit risks, and suggests that traders should be defensive.


:     :    
Chcesz się wychylić i skomentować? - zaloguj się! ...a jak nie masz konta to dołącz do nas!

Podziel się

xysoom - Ostatnie wpisy  

Ostatnie komentarze

Najczęściej oglądane

Serwis używa plików cookies, aby mógł lepiej spełniać Wasze oczekiwania. Zamknij i nie pokazuj więcej tego komunikatu
Więcej informacji w naszej Polityce prywatności