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The US Bureau of Economic Analysis will release January’s PCE Price Index data at 13:30 GMT.
In January, the US trade deficit reached a record $153.26 billion, largely due to increased imports.
US trade deficit hit $153.26 billion in January as imports surged amid tariff concerns, marking a record high.
After reaching a record high, gold’s value has fallen by 3% amid tariff discussions.
Canada’s GDP surged to 2.6% in Q4, exceeding expectations, driven by household spending and exports.
Canada’s Q4 2024 GDP grew 2.6%, driven by household spending, exports, and investment, with wages rising moderately.
The US Goods Trade Balance for January was worse than anticipated, recording a deficit of $153.3 billion.
