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International spot gold opened at .USD/oz in early trading in Asia last Friday (June), with a minimum of .USD/oz, a maximum of .USD/oz, and closing at .USD/oz, rising by US$. The decrease was .%.
Last Friday, the Bank of Japan’s easing measures and the United States were both disappointing. The expectations of the Bank of Japan’s easing efforts have been affecting the market’s nerves, and the trend of the yen has been ups and downs. Under pressure from the government, the central bank announced on Friday to relax monetary policy and increase the purchase scale of exchange-traded funds to trillions of yen. However, it maintained the negative .% interest rate on the excess reserves of financial institutions at the central bank because the easing force was weaker than It is expected that as the Bank of Japan's stimulus measures disappointed the market and the weak second-quarter U.S. financial report released on Friday weighed on the U.S. dollar, the U.S. dollar/yen accelerated its decline and hit its lowest level since January 1.
Data released by the U.S. Department of Commerce on Friday showed that the initial annualized quarterly rate of the U.S. in the second quarter was only .%, and the expected growth was .%. The previous value was revised from .% to .%. The U.S. Department of Commerce reported that private fixed investment, including residential and business spending, fell by .% in the second quarter, the largest decline in seven years.
Reuters commented that this data was significantly lower than expected, mainly because inventories fell for the first time since the beginning of the year, and inventory investment also shrank by .%. However, it is worth noting that the decline in inventories may boost output during the rest of the year. Moreover, consumer spending performed brilliantly this time, recording the fastest growth rate since the fourth quarter of this year, which played a certain supporting role in the growth rate in the second quarter.
At the same time, a report released in the evening showed that the final value of the University of Michigan's U.S. consumer confidence index was slightly lower than expected and lower than the final value of the month, but higher than the initial value. Specific data shows that the final value of the University of Michigan's U.S. Consumer Confidence Index for the month is estimated to be the first value and the final value of the month.
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