Gold Price Forecast: XAU/USD Rise and PCE Impact Analysis by Commerzbank

Friday, 1 March 2024, 10:45
The price of Gold reached a four-week high, exceeding $2,050 on Thursday, driven by market expectations around the Personal Consumption Expenditures (PCE) report. Despite the rise, the significance of this trend remains debated, with Commerzbank offering insightful analysis on the situation.
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Gold Price Forecast: XAU/USD Rise and PCE Impact Analysis by Commerzbank

Gold Price Update

The price of Gold hit a notable milestone, surpassing $2,050 last Thursday.

Factors Driving XAU/USD

  • Market sentiments on the PCE report

Commerzbank Analysis

Commerzbank assesses the potential impact of the rise in XAU/USD against the anticipated PCE data, offering valuable insights.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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