Amid a temporary halt to the gains of the US dollar, the goldpricetoday $XAUUSD gained a positive momentum to rebound to the upside, stable around the level of $1847 an ounce.
At the beginning of trading this week. Stocks rose mostly in European and Asian markets after Wall Street ended another bumpy week marked by unease over inflation expectations and interest rates. By performance, the German DAX index rose 0.1% in early trading to 15494.14, and the CAC 40 index in Paris rose 0.1% at 7345. Britain's FTSE 100 Index rose 0.2% to 8016.05. S&P 500 and Dow Jones Industrial Average futures were down 0.1%.
In general, recent economic data has revived fears that inflation in the United States of America is not subsiding as quickly as hoped. This has shaken hopes that the Federal Reserve might make it easier to raise interest rates and avoid tipping the economy into recession.In last Friday's trading session, the S&P was down 0.3% and the Dow Jones Industrial Average was up 0.4%. The Nasdaq Composite fell 0.6%.
American jobs are still plentiful, and shoppers are still spending to support the most important part of the economy, which is consumer spending. This has helped the S&P 500 hold on to gains of 6.2% since the start of the year. The fear is that if inflation proves to be more consistent than expected, it could prompt the Fed to become more aggressive than the market is.
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