Fed's PCE Index may impact gold prices, influencing them based on inflation expectations.
400-character summary: PCE Index statistics released today may influence gold prices, as the Fed considers it a key indicator. If inflation (measured by PCE) is below expectations, gold prices may rise significantly, while higher-than-expected inflation could cause gold prices to fall. The Fed's interest rate cut expectations, based on PCE numbers, drive market price moves due to forward-looking markets.
June 28, 2024
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