PCE Report Triggers Gold Slide, Analyst Warns Fed Rate Cut Could Deepen Losses

On Friday, Aug. 30, 2024, gold skilled a decline in worth, coinciding with the U.S. Commerce Division’s launch of the non-public consumption expenditures (PCE) value index information. The PCE climbed by 2% in July, aligning completely with market expectations. Throughout the day, gold hit a low of $2,495, but it surely later bounced again, crossing the […]



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