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

PCE Report Triggers Gold Slide, Analyst Warns Fed Rate Cut Could Deepen Losses
© Copyright Image: BuyUcoin Blog

On Friday, Aug. 30, 2024, gold experienced a decline in value, coinciding with the U.S. Commerce Departments 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 []

Read more: https://blog.buyucoin.com/feed-exclusion/crypto-news/pce-report-triggers-gold-slide-analyst-warns-fed-rate-cut-could-deepen-losses/

Text source: BuyUcoin Blog

Disclaimer: Financial information and news are not financial advice, read the disclaimer.
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