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

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PCE Report Triggers Gold Slide, Analyst Warns Fed Rate Cut Could Deepen Losses
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Source: Bitcoin.com

PCE Report Triggers Gold Slide, Analyst Warns Fed Rate Cut Could Deepen LossesOn Friday, Aug. 30, 2024, gold experienced a decline in value, coinciding with the U.S. Commerce Department’s release of the personal consumption expenditures (PCE) price index data. The PCE climbed by 2% in July, aligning perfectly with market expectations. During the day, gold hit a low of $2,495, but it later bounced back, crossing the […]

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Author: Bitcoin.com

Related posts:

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  3. Bloomberg’s Mike McGlone: Recession Fears Could Drive Gold to $3,000
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