US economic growth slows more than expected in Q1 at 1.6%
Economists polled by Reuters had forecast GDP rising at a 2.4% rate, with estimates ranging from a 1.0% pace to a 3.1% rate
Source: moneycontrol.com
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Gold Futures Snap 3-day Losing Streak, Settle Modestly Higher
Gold futures settled higher on Thursday, recovering after three straight days of losses, although data showing a bigger than expected increase by the U.S. PCE Index raised concerns the Fed will keep interest rates higher for a longer time.
Source: rttnews.com
Oil Futures Settle Higher Despite Weak GDP Data
Crude oil futures settled higher on Thursday, recovering from recent losses, despite data showing slower than expected U.S. first-quarter GDP growth..
Source: rttnews.com
USD/CAD edges lower on strong Canadian GDP
The Canadian dollar is slightly higher on Thursday. USD/CAD is trading at 1.3537 in the North American session, down 0.23%. Canada’s GDP rebounds with 0.6%
Source: marketpulse.com
Gold Falls Rs 100; Silver Slumps Rs 250
In the overseas markets, spot gold at Comex was trading at USD 2,173 per ounce, down by USD 4 from the previous close.
Source: india.com