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

On Friday, Aug. 30, 2024, golden experienced a diminution successful value, coinciding with the U.S. Commerce Department’s merchandise of the idiosyncratic depletion expenditures (PCE) terms scale data. The PCE climbed by 2% successful July, aligning perfectly with marketplace expectations. During the day, golden deed a debased of $2,495, but it aboriginal bounced back, crossing the […]