“Gold’s status as a haven may now be tarnished in the eyes of some as the precious metal is falling in price even as war roils the Middle East and financial markets alike, and some may even be tempted to say that the third major bull run in the commodity since 1971 is now over,” says AJ Bell investment director Russ Mould.

The GDP of the Eurozone increased by 1.3% year-on-year in the first quarter of 2023, which was lower than 1.4% expected.

In the first quarter, GDP in the eurozone increased by 1.3% year-on-year, which was expected to be 1.40%.

The Eurozone Sentix Investor Confidence Index for February was positive 4.2, compared to negative 1.8 in the previous month.

On October 4, local time, data released by Standard & Poor's, a global financial analysis company, showed that the final value of the Eurozone Composite Purchasing Managers’ Index (PMI) in September was 47.2, meaning that the Eurozone index has been below the 50 boom-bust line for four consecutive months.

The flash annualised CPI in the eurozone in April was 7%, compared with the expected 7.00% and the previous value of 6.90%.