{"id":122123,"date":"2024-04-26T07:45:07","date_gmt":"2024-04-26T07:45:07","guid":{"rendered":"https:\/\/kinesis.money\/?p=122123"},"modified":"2024-04-26T14:52:13","modified_gmt":"2024-04-26T14:52:13","slug":"gold-higher-weaker-us-growth","status":"publish","type":"post","link":"https:\/\/kinesis.money\/nl\/market-analysis\/gold-news\/gold-higher-weaker-us-growth\/","title":{"rendered":"Gold Price News: Gold Ticks Higher on Weaker US Growth"},"content":{"rendered":"\n

Gold prices edged slightly higher on Thursday, after weaker-than-expected US GDP figures strengthened the call for interest rate cuts.<\/p>\n\n\n\n

Prices briefly rose as high as $2,345 an ounce, although prices eased back to around $2,330 an ounce later in the afternoon. That compared with $2,318 an ounce in late deals on Wednesday.<\/p>\n\n\n\n

Looking at the week overall, prices have stabilised after Monday\u2019s very sharp drop from as high as $2,387 an ounce, moving in a relatively narrow range.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

The US economy expanded by only 1.6% in Q1, compared with 3.4% in the previous quarter, according to figures released Thursday.<\/p>\n\n\n\n

The figure was much lower than market expectations of 2.5% growth, and was seen as strengthening the case for interest rate cuts to stimulate the economy. Any start of a monetary loosening cycle is considered a bullish factor for non-interest-bearing assets like gold.<\/p>\n\n\n\n

However, the GDP numbers were somewhat balanced by US initial jobless claims figures out on Thursday which came in at 207,000 in the week to April 20, below expectations of 214,000. The lower jobless figures pointed to a slightly stronger than expected economy, mitigating the effect of the weaker GDP figures.<\/p>\n\n\n\n

In other news, the World Bank issued a report<\/a> on Thursday saying it expects gold prices to plateau at their recent highs, resulting in an 8% overall increase in 2024 compared with the 2023 average:<\/p>\n\n\n\n

Gold prices have also been supported by central bank buying, while safe haven demand looks set to strengthen in 2024, it said. Looking further out, the bank expects gold prices to dip slightly in 2025.<\/p>\n\n\n\n

Looking ahead, the markets will be looking out for US personal income and spending figures on Friday for the latest pulse check on the health of the US economy.<\/p>\n\n\n\t\t\t

\n\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t

Frank\u2019s experience covering the commodities markets spans 22 years, with a particular specialism in metals, carbon and energy markets.\u00a0<\/em>He has worked as a senior editor for S&P Global Commodity Insights<\/a>\u00a0(formerly Platts) and before this, at ICIS-LOR, a part of Reed Business Information (Reed Elsevier), where he covered the petrochemicals markets from 2003 to 2005.<\/em><\/p>\n

This publication is for informational purposes only and is not intended to be a solicitation, offering or recommendation of any security, commodity, derivative, investment management service or advisory service and is not commodity trading advice. This publication does not intend to provide investment, tax or legal advice on either a general or specific basis.<\/i>
\n<\/i><\/p>\n

Read our Editorial Guidelines\u00a0<\/i>here.<\/a><\/i><\/p>\n\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/section>\n\t","protected":false},"excerpt":{"rendered":"

Gold prices edged slightly higher on Thursday, after weaker-than-expected US GDP figures strengthened the call for interest rate cuts.<\/p>\n","protected":false},"author":50,"featured_media":122137,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":true,"footnotes":""},"categories":[215,91],"tags":[],"class_list":["post-122123","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gold-news","category-market-analysis"],"acf":[],"yoast_head":"\nGold Ticks Higher on Weaker US Growth | Kinesis<\/title>\n<meta name=\"description\" content=\"Discover Kinesis' gold news analysis for today, Friday 26th of April 2024, from leading precious metals analyst Frank Watson.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"nl_NL\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gold Ticks Higher on Weaker US Growth | Kinesis\" \/>\n<meta property=\"og:description\" content=\"Discover Kinesis' gold news analysis for today, Friday 26th of April 2024, from leading precious metals analyst Frank Watson.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-higher-weaker-us-growth\/\" \/>\n<meta property=\"og:site_name\" content=\"Kinesis\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-26T07:45:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-26T14:52:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/04\/gold-news-feature-image-Gold-Ticks-Higher-on-Weaker-US-Growth.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1058\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Frank Watson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Gold Price News: Gold Ticks Higher on Weaker US Growth\" \/>\n<meta name=\"twitter:label1\" content=\"Geschreven door\" \/>\n\t<meta name=\"twitter:data1\" content=\"Frank Watson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Geschatte leestijd\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minuten\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/gold-news\\\/gold-higher-weaker-us-growth\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/gold-news\\\/gold-higher-weaker-us-growth\\\/\"},\"author\":{\"name\":\"Frank Watson\",\"@id\":\"https:\\\/\\\/kinesis.money\\\/#\\\/schema\\\/person\\\/11c4884f9d074d6831f53e287228bf52\"},\"headline\":\"Gold Price News: Gold Ticks Higher on Weaker US Growth\",\"datePublished\":\"2024-04-26T07:45:07+00:00\",\"dateModified\":\"2024-04-26T14:52:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/gold-news\\\/gold-higher-weaker-us-growth\\\/\"},\"wordCount\":288,\"image\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/gold-news\\\/gold-higher-weaker-us-growth\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/kinesis.money\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/gold-news-feature-image-Gold-Ticks-Higher-on-Weaker-US-Growth.jpg\",\"articleSection\":[\"Gold News\",\"Market Analysis\"],\"inLanguage\":\"nl-NL\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/gold-news\\\/gold-higher-weaker-us-growth\\\/\",\"url\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/gold-news\\\/gold-higher-weaker-us-growth\\\/\",\"name\":\"Gold Ticks Higher on Weaker US Growth | Kinesis\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/gold-news\\\/gold-higher-weaker-us-growth\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/gold-news\\\/gold-higher-weaker-us-growth\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/kinesis.money\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/gold-news-feature-image-Gold-Ticks-Higher-on-Weaker-US-Growth.jpg\",\"datePublished\":\"2024-04-26T07:45:07+00:00\",\"dateModified\":\"2024-04-26T14:52:13+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/#\\\/schema\\\/person\\\/11c4884f9d074d6831f53e287228bf52\"},\"description\":\"Discover Kinesis' gold news analysis for today, Friday 26th of April 2024, from leading precious metals analyst Frank Watson.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/gold-news\\\/gold-higher-weaker-us-growth\\\/#breadcrumb\"},\"inLanguage\":\"nl-NL\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/gold-news\\\/gold-higher-weaker-us-growth\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"nl-NL\",\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/gold-news\\\/gold-higher-weaker-us-growth\\\/#primaryimage\",\"url\":\"https:\\\/\\\/kinesis.money\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/gold-news-feature-image-Gold-Ticks-Higher-on-Weaker-US-Growth.jpg\",\"contentUrl\":\"https:\\\/\\\/kinesis.money\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/gold-news-feature-image-Gold-Ticks-Higher-on-Weaker-US-Growth.jpg\",\"width\":1920,\"height\":1058},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/gold-news\\\/gold-higher-weaker-us-growth\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/kinesis.money\\\/nl\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Gold Price News: Gold Ticks Higher on Weaker US Growth\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/kinesis.money\\\/#website\",\"url\":\"https:\\\/\\\/kinesis.money\\\/\",\"name\":\"Kinesis\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/kinesis.money\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"nl-NL\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/kinesis.money\\\/#\\\/schema\\\/person\\\/11c4884f9d074d6831f53e287228bf52\",\"name\":\"Frank Watson\",\"description\":\"Frank\u2019s experience covering the commodities markets spans 22 years, with a particular specialism in metals, carbon and energy markets. He has worked as a senior editor for S&P Global Commodity Insights (formerly Platts) and before this, at ICIS-LOR, a part of Reed Business Information (Reed Elsevier), where he covered the petrochemicals markets from 2003 to 2005.\u00a0 Earlier in his career, Frank covered precious metals, base metals and energy markets, writing for AFX News (Agence France-Presse), the English-speaking financial arm of the French state-owned news agency, AFP. He produced daily precious and base metals market reports for AFX News, focused on key market movements and the factors shaping price evolution. He holds a BA in Graphic Design with Photography from the University of Wolverhampton and an MSC in Information Systems from the University of Sheffield.\u00a0\",\"jobTitle\":\"Precious Metals Market Analyst\",\"url\":\"https:\\\/\\\/kinesis.money\\\/nl\\\/author\\\/frankwatson\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Gold Ticks Higher on Weaker US Growth | Kinesis","description":"Discover Kinesis' gold news analysis for today, Friday 26th of April 2024, from leading precious metals analyst Frank Watson.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"nl_NL","og_type":"article","og_title":"Gold Ticks Higher on Weaker US Growth | Kinesis","og_description":"Discover Kinesis' gold news analysis for today, Friday 26th of April 2024, from leading precious metals analyst Frank Watson.","og_url":"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-higher-weaker-us-growth\/","og_site_name":"Kinesis","article_published_time":"2024-04-26T07:45:07+00:00","article_modified_time":"2024-04-26T14:52:13+00:00","og_image":[{"width":1920,"height":1058,"url":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/04\/gold-news-feature-image-Gold-Ticks-Higher-on-Weaker-US-Growth.jpg","type":"image\/jpeg"}],"author":"Frank Watson","twitter_card":"summary_large_image","twitter_title":"Gold Price News: Gold Ticks Higher on Weaker US Growth","twitter_misc":{"Geschreven door":"Frank Watson","Geschatte leestijd":"3 minuten"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-higher-weaker-us-growth\/#article","isPartOf":{"@id":"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-higher-weaker-us-growth\/"},"author":{"name":"Frank Watson","@id":"https:\/\/kinesis.money\/#\/schema\/person\/11c4884f9d074d6831f53e287228bf52"},"headline":"Gold Price News: Gold Ticks Higher on Weaker US Growth","datePublished":"2024-04-26T07:45:07+00:00","dateModified":"2024-04-26T14:52:13+00:00","mainEntityOfPage":{"@id":"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-higher-weaker-us-growth\/"},"wordCount":288,"image":{"@id":"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-higher-weaker-us-growth\/#primaryimage"},"thumbnailUrl":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/04\/gold-news-feature-image-Gold-Ticks-Higher-on-Weaker-US-Growth.jpg","articleSection":["Gold News","Market Analysis"],"inLanguage":"nl-NL","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/kinesis.money\/#organization"}},{"@type":"WebPage","@id":"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-higher-weaker-us-growth\/","url":"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-higher-weaker-us-growth\/","name":"Gold Ticks Higher on Weaker US Growth | Kinesis","isPartOf":{"@id":"https:\/\/kinesis.money\/#website"},"primaryImageOfPage":{"@id":"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-higher-weaker-us-growth\/#primaryimage"},"image":{"@id":"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-higher-weaker-us-growth\/#primaryimage"},"thumbnailUrl":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/04\/gold-news-feature-image-Gold-Ticks-Higher-on-Weaker-US-Growth.jpg","datePublished":"2024-04-26T07:45:07+00:00","dateModified":"2024-04-26T14:52:13+00:00","author":{"@id":"https:\/\/kinesis.money\/#\/schema\/person\/11c4884f9d074d6831f53e287228bf52"},"description":"Discover Kinesis' gold news analysis for today, Friday 26th of April 2024, from leading precious metals analyst Frank Watson.","breadcrumb":{"@id":"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-higher-weaker-us-growth\/#breadcrumb"},"inLanguage":"nl-NL","potentialAction":[{"@type":"ReadAction","target":["https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-higher-weaker-us-growth\/"]}]},{"@type":"ImageObject","inLanguage":"nl-NL","@id":"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-higher-weaker-us-growth\/#primaryimage","url":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/04\/gold-news-feature-image-Gold-Ticks-Higher-on-Weaker-US-Growth.jpg","contentUrl":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/04\/gold-news-feature-image-Gold-Ticks-Higher-on-Weaker-US-Growth.jpg","width":1920,"height":1058},{"@type":"BreadcrumbList","@id":"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-higher-weaker-us-growth\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/kinesis.money\/nl\/"},{"@type":"ListItem","position":2,"name":"Gold Price News: Gold Ticks Higher on Weaker US Growth"}]},{"@type":"WebSite","@id":"https:\/\/kinesis.money\/#website","url":"https:\/\/kinesis.money\/","name":"Kinesis","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/kinesis.money\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"nl-NL"},{"@type":"Person","@id":"https:\/\/kinesis.money\/#\/schema\/person\/11c4884f9d074d6831f53e287228bf52","name":"Frank Watson","description":"Frank\u2019s experience covering the commodities markets spans 22 years, with a particular specialism in metals, carbon and energy markets. He has worked as a senior editor for S&P Global Commodity Insights (formerly Platts) and before this, at ICIS-LOR, a part of Reed Business Information (Reed Elsevier), where he covered the petrochemicals markets from 2003 to 2005.\u00a0 Earlier in his career, Frank covered precious metals, base metals and energy markets, writing for AFX News (Agence France-Presse), the English-speaking financial arm of the French state-owned news agency, AFP. He produced daily precious and base metals market reports for AFX News, focused on key market movements and the factors shaping price evolution. He holds a BA in Graphic Design with Photography from the University of Wolverhampton and an MSC in Information Systems from the University of Sheffield.\u00a0","jobTitle":"Precious Metals Market Analyst","url":"https:\/\/kinesis.money\/nl\/author\/frankwatson\/"}]}},"post_thumbnails":{"large":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/04\/gold-news-feature-image-Gold-Ticks-Higher-on-Weaker-US-Growth.jpg","small":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/04\/gold-square-5.jpg"},"_links":{"self":[{"href":"https:\/\/kinesis.money\/nl\/wp-json\/wp\/v2\/posts\/122123","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kinesis.money\/nl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kinesis.money\/nl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kinesis.money\/nl\/wp-json\/wp\/v2\/users\/50"}],"replies":[{"embeddable":true,"href":"https:\/\/kinesis.money\/nl\/wp-json\/wp\/v2\/comments?post=122123"}],"version-history":[{"count":0,"href":"https:\/\/kinesis.money\/nl\/wp-json\/wp\/v2\/posts\/122123\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kinesis.money\/nl\/wp-json\/wp\/v2\/media\/122137"}],"wp:attachment":[{"href":"https:\/\/kinesis.money\/nl\/wp-json\/wp\/v2\/media?parent=122123"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kinesis.money\/nl\/wp-json\/wp\/v2\/categories?post=122123"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kinesis.money\/nl\/wp-json\/wp\/v2\/tags?post=122123"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}