The rebound in spot gold will likely struggle as investors await the Fed's preferred inflation gauge, the PCE index
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The precious yellow metal holds steady, and the U.S. dollar index remains flat at 105.60. The U.S. economy is growing slowly, with core inflation rising to 3.7% compared to 2% previously. This signals a potential delay in the U.S. Federal Reserve's planned interest rate cuts due to inflation's rise.
The rebound in spot gold will likely struggle as investors await the Fed's preferred inflation gauge, the PCE index
The rebound in spot gold will likely struggle…
The rebound in spot gold will likely struggle as investors await the Fed's preferred inflation gauge, the PCE index
The precious yellow metal holds steady, and the U.S. dollar index remains flat at 105.60. The U.S. economy is growing slowly, with core inflation rising to 3.7% compared to 2% previously. This signals a potential delay in the U.S. Federal Reserve's planned interest rate cuts due to inflation's rise.