Impact of Core PCE on Gold Price Surge

Thursday, 29 February 2024, 19:33
The gold price surged by over 0.50% following the release of the Core Personal Consumption Expenditure (PCE) Price Index by the Federal Reserve. The alignment of the core PCE with expectations has boosted precious metals, particularly gold, indicating a trend of disinflation in the market. Investors are closely monitoring these developments for potential opportunities in the precious metals sector.
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Impact of Core PCE on Gold Price Surge

Gold Price Surge Following Core PCE Index Release

The gold price saw a significant increase of over 0.50% in Thursday's trading session, reacting to the Core Personal Consumption Expenditure (PCE) Price Index, the Federal Reserve's key inflation metric.

Boost for Precious Metals

Gold experienced a notable upswing alongside other precious metals as the core PCE index confirmed a trend of disinflation in the market.

  • Investors are keenly observing these developments for potential opportunities in the precious metals sector.
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