One of the key growth factors for the US economy is the data on earnings and expenditures of its population.
Consumer expenditures constitute 70% of the country's economy and their firm upscaling signalizes about a rehab. Last month the US data demonstrated a sharp surge of consumer spending by 0.9%.
However, the data for March brought to light that recovery has not been so steady being just at 0.3%, while the analysts were expecting a 0.4% upturn. But the population disposable income advanced by 0.4% at the same time.
The dissappointed investors strived to the gold market correcting the recent quote pique.
The price tumbled down rapidly after receiving an unordinary huge order for selling 750 thousand troy ounces. Having dropped by 15 dollars the gold trading even stopped for 10 seconds. But soon an upward tendency was observed. Now the traders are making suggestions if it was a real trade or just a trading technical error.