Positive data released amid gold resilience by Investing.com

Investing.com – The Personal Consumption Expenditure Index has just been released for the United States, which is the largest among inflation data as it is used to determine the position of US inflation.

The personal expenditure index is divided between a basic indicator and a general indicator, each measured on a monthly and annual basis.

Readings stood at 3.6%, equal to estimate and stable at 3.6%, the highest since August 1991.

On a monthly basis, it rose 0.3% and is expected to reach 0.2%.

He scored 4.2 points and the previous result was 4.2%, while it was 0.4% and the previous result was 0.4%.

The monthly is in line with expectations as it registers 0.8%.

It turned out to be positive as it registered 0.2% growth and the estimate was to be 0.3%.

This follows repeated statements by the Federal Reserve, its chairman and members about inflation that it will continue to rise in the short term, but decline in the long term. However, some voices have warned against an increase in inflation and that it is out of control.

US Treasury Secretary Janet Yellen has said she expects inflation to hit 4% by the end of the year. Note that the Fed’s goal is to keep inflation below 2%, and Powell predicted that with next year inflation will start to decline to end the year near levels of. 2%.

walk now

And it registers in those times at $ 1,752.95 an ounce, down 0.26%, while it registers at $ 1,753.20 an ounce, down 0.22%.

And it registers at 74.47 dollars per barrel, down 0.79%, while its price is set at 77.86 dollars per barrel, down 0.6%.

While the American registered 94.06, down 0.18%.

G continues to profit today as it climbs 9% to reach its price of $ 47,347.5 for the symbol.

A survey conducted by Bank of America (NYSE 🙂 (NYSE: BAC) and reported by Reuters found that global equity and bond funds registered modest inflows at the expense of money market funds and gold at the same time. as global markets faced serious hurdles this week, which was dominated by concerns about the US debt ceiling and energy shortages in Europe and China.

On a weekly basis, investors invested $ 9.2 billion in stocks and $ 8 billion in bonds, while recovering $ 0.6 billion in gold and $ 6.6 billion in cash, respectively.

Digging deeper, investment flowed more widely into the financials, energy and venture capital sectors, while emerging market debt funds saw large outflows due to higher bond yields.

Update 5:00 p.m. Riyadh time

The results of the indicators of the University of Michigan appeared and were generally positive since they registered an increase to 72.8 points, and the estimate of the experts rose to 71 points.

As for the university index, it reached 68.1 against 67.1 expected.

The university’s expectations were high at 4.6%, but they were lower than expectations of 4.7%.

It was also released and achieved a positive score of 61.1, which is above expectations by 59.6 points.

He also scored 50.2 points.

Price now

Gold now registers 1758.14 with a marginal movement around the starting price of the session, while gold contracts register 1758.65, an increase of 0.1%.

As for him, it recorded 94.03, down 0.21%.

It climbs 2.04% and its price hits $ 22,517.