In the last week, the inflation in the UK in global markets; We followed the growth data of Germany and the USA. Developments regarding the ongoing debt limit uncertainty in the USA were followed. In the UK, consumer price index increased by 1.2% monthly in April, above the expectations, while annual inflation decreased to 8.7%. The German economy entered a technical recession, contracting by 0.3% on a quarterly basis in the first quarter of 2023, as high inflation and rising interest rates suppressed consumer spending. The US economy grew by 1.3% in the first quarter of 2023, above expectations. The fact that the debt ceiling crisis in the USA is still not resolved has been a factor of pressure in the global markets. An ounce of gold is priced around $1,945 at its lowest levels in recent months. Positive data from the US seems to continue the pressure under ounce.
