According to a report released a short while ago by the Bureau of Economic Analysis, US gross domestic product (GDP) rose to 3.0% in the second quarter of this year, ending in June, compared to a 0.5% decline in the first quarter of last year. This exceeded expectations of 2.5% growth.
The US dollar index rose 0.60%, trading at 99.27, its highest level since June 10, as US markets opened, hours before the US Federal Reserve’s decision, which is expected to keep interest rates unchanged at 4.50%.
The euro is trading at its lowest level in a month against the US dollar, down more than 80 points, trading at 1.1465, while the British pound is falling to its lowest level in two months, trading at 1.3299. The yellow metal, in turn, is declining with the rise of the dollar, trading at $3,310 per ounce, while silver is trading at $37.68 per ounce.