The latest economic data from the USA indicates a decline in the dollar after weaker-than-expected growth at the end of last year, while Gold prices rose to record highs. The first estimates released by the USA government on Thursday showed that the inflation-adjusted GDP for the fourth quarter grew at an annualized rate of 2.3%, down from 3.1% in the third quarter. The median forecast among economists surveyed by Bloomberg was for a growth of 2.6%. The dollar fell after the data was released, pushing Gold prices up 1.1% to $2,790.19 per ounce, surpassing the record set last October. The weakening dollar makes Gold more attractive to investors holding Other currencies, as this Precious Metal is priced in dollars.
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美国GDP公布后美元走低 金价刷新纪录高点
After the USA GDP was announced, the dollar declined, and Gold prices reached a record high.
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