Last Friday, the price for a troy ounce of gold rose to a level above USD 1400, the highest level since August 2013. In financial markets gold is seen as a safe investment. The sharp increase can be attributed to the tensions between the United States and Iran, the trade negotiations between China and the United States that will take place at the end of this week and the possibility of an interest rate cut by the Federal Reserve during its policy meeting at the end of next month. The gold price had its peak in September 2011, when it rose above USD 1900.
According to figures from Statistics Netherlands (CBS), the Dutch economy grew by 0.5% in the first quarter of 2019 compared to the last quarter of last year. The annual growth was 1.7%. According to the CBS, the growth was mainly caused by an increase in investments in fixed assets.
Research firm Markit has announced that industrial activity in the United States grew at a slower rate in June 2019 than in the previous month. The index that measures activity declined from 50.5 in May to 50.1 in June. The composite index, which also included the activity of the service sector, fell from 50.9 in May to 50.6 in June.
The 6M Euribor is unchanged at -0.30% compared to previous business day. The 10Y Swap increased with 4 basis points to 0.24% compared to previous business day.
In the attachment, today’s market data on money and capital market rates as well as other rates are presented.
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