WS #14234
Japan's Q2 GDP grew 1.1% annualized, well below the 2.0% estimate, with weak consumption and capex, complicating BOJ's rate hike path but yen firmed on reduced Fed hike bets. Gold is near $4,400/oz, supported by weak US retail sales and consumer sentiment that reduced Fed rate hike expectations, with silver and other metals also rising.
Japan Q2 GDP miss and BOJ policy path
Japan's Q2 GDP grew 1.1% annualized, well below the 2.0% estimate, with weak consumption and capex, complicating BOJ's rate hike path but yen firmed on reduced Fed hike bets.
Gold is near $4,400/oz, supported by weak US retail sales and consumer sentiment that reduced Fed rate hike expectations, with silver and other metals also rising.