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Investing.com – US GDP data has now been released, which should give an overview of, as this is the broadest measure of economic activity, and also a key indicator of the health of the economy.
Immediately after the data was released, the dollar index reversed its trend and turned upward, coinciding with the loss of its daily gains and was about to turn bearish.
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GDP data
The revised reading recorded an increase of 5.2%, and experts expected at 4.9%, while the gross domestic product recorded a growth of 2.1% in the second quarter.
While the trade balance of goods for the month of October recorded a deficit of about 89.84 billion dollars, and expectations indicated a deficit of about 86.7 billion dollars, while the previous reading recorded a deficit of about 86.84 billion dollars.
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Gold and dollar now
It has now lost its daily gains and is settling at $2,040 an ounce.
Meanwhile, spot gold contracts fell by 0.1% to $2,039 per ounce.
On the other hand, the dollar index rose by 0.12% to 102.78 points.
2023-11-29 13:33:00
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