Bullish U.S. stock markets soar to new heights
Lola Evans
30 Apr 2021, 06:10 GMT+10
U.S. stocks moved to record highs again on Thursday, spurred on by a raft of positive economic data.
The U.S. Commerce Department revealed the economy grew at an annualized 6.4% in the 1st quarter. The increase in first-quarter GDP reflected the continued economic recovery, reopening of establishments, and continued government response to Covid-19.
NEW YORK, New York - U.S. stocks moved to record highs again on Thursday, spurred on by a raft of positive economic data, trillions of dollars in government stimulus, and historically low-interest rates, set to remain low for some time, according to the Federal Reserve following their monthly two-day meeting, which concluded on Wednesday.
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Bullish U S stock markets soar to new heights
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US economy grows at annualized 6 4% in Q1 amid vaccine rollout, fiscal support
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Gold Price Forecast: XAU/USD Aims Higher as Fed Downplays Early Balance Sheet Taper
2021-04-29 03:00:00
Thomas Westwater,
Analyst
Gold, XAU/USD, Treasury Yields, FOMC – Talking Points
Gold jumps following the April FOMC rate decision with PCE figures eyed
Federal Reserve calmed expectations over premature balance sheet taper
Falling yields helping to boost gold as monetary policy remains supportive
Gold prices are continuing higher after the April FOMC rate decision helped bolster the yellow metal’s appeal. XAU/USD has been on the rise since, nearly touching the 1790 handle, and extending the monthly gain to near 5% with only a couple of days left until May starts. The move appears to be driven by the underlying notion that no lasting inflation is expected in the economy in the short term.