Bitcoin
It continues to consolidate in the range of $ 102,000 to $ 108,000 and gold is lower by 2% today and approximately 7% from its record. Meanwhile, the Nasdaq 100 has reached new historical maximums.
A pair of macroeconomic data points from the USA. UU. Friday morning, although almost two months of age at this time, they could have added the modestly negative tone for BTC and Gold. Personal income in May reached -0.4%, not reaching the expected increase of 0.3%. Personal spending month after the month printed at -0.1%, losing the prognosis of an increase of 0.1%.
Perhaps more importation to the markets, the Central PCE price index in the US, which excludes volatile food and energy prices and is the meter chosen by the Federal Underlying Inflation Reserve, increased 0.2% in May compared to the expectations of an increase of 0.1%. About a year after year, the central PCE prices increased 2.7% versus 2.6% expected.
These data further support the opinion that the economy can go to stagflation. Noticed Goldbug and No Coiner Peter Schiff: “Merchants continue to sell gold, even when the release of weak economic data this morning and the strongest inflation data than expected brought the dollar index to the new minimums. The stagnation and such a marked dollar are optimistic for gold, regardless of any commercial agreement of the” negotiated “by Trump.”
