Gold price remains steady despite weaker US Q4 GDP and consumer spending.
TL;DR Summary
The US economy grew 2.6% in Q4 2022, slightly weaker than expected, but gold prices remain solid due to robust safe-haven demand. Weaker consumption is having a slight impact on inflation, which remains elevated. Analysts expect growing economic uncertainty and financial sector turmoil to force the Federal Reserve to cut rates in June, supporting gold prices above $1,900.
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