DaoResearcher
The US trade deficit continued to shrink in September, decreasing to $52.8 billion month-on-month. The revised data for the previous month was $59.3 billion. What does this decline indicate? Seeing such levels in recent years is uncommon; since 2020, it has hardly occurred.
On the export side, it appears to be growing, with a 3% month-on-month increase in September and an additional $8.4 billion in exports. However, there's a detail—nearly 70% of this increase comes from "non-monetary gold" exports. Cross-border gold flows are indeed included in trade statistics, but they reflect asset realloc
View OriginalOn the export side, it appears to be growing, with a 3% month-on-month increase in September and an additional $8.4 billion in exports. However, there's a detail—nearly 70% of this increase comes from "non-monetary gold" exports. Cross-border gold flows are indeed included in trade statistics, but they reflect asset realloc