In Q2 2023, US GDP showed solid growth. The state of the labor market also cheered, after which many breathed a sigh of relief that the United States had escaped the threat of recession, despite the Federal Reserve raising interest rates to the highest level in 16 years. However, there are several other signs that a recession is on the way.
One of such signs can be called a significant decrease in the demand for gold in the technology sector, according to the news Tavex. A fall in gold demand in the tech sector is a sign of a slowdown in global consumer spending. Price inflation and rising interest rates are putting pressure on consumers around the world.
2023-08-18 10:40:57
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