The US economy experienced a slowdown in the first quarter of the year, falling below the Federal Reserve’s estimates of its long-run potential. This deceleration, coupled with a rapid rise in inflation, presents a unique challenge for the central bank. While the 1.6% growth rate indicated a cooling economy, the persistently high inflation rates have
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Deutsche Bank shares surged to a more than six-year high following the release of its first-quarter results. The German lender reported a 10% rise in profit, surpassing analyst expectations and indicating a positive trend in its investment banking division. The stock, which initially declined in the morning, rallied 7.2% in London, reaching its highest intraday
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The gold price is currently experiencing a slight uptick, supported by a decrease in the value of the US dollar. Despite this positive movement, there is a lack of significant follow-through, suggesting that the upside potential may be limited. The global risk sentiment is also playing a role in supporting the precious metal, with traders
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