Gold Price Soars as US PCE Data Strengthens Case for Fed Rate Cut in June
Monday, 1 April 2024, 08:03
Gold price surges to a record high
Gold price (XAU/USD) climbs for the fifth consecutive day on Monday, surpassing $2,250 during the Asian trading session.
Strong US PCE data impacts market sentiment
The US PCE data release reaffirms expectations of a Federal Reserve rate cut in June, driving gold prices higher in response to the economic landscape.
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