PCE Report Triggers Gold Slide, Analyst Warns Fed Rate Cut Could Deepen Losses
On 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, aligni...
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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
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This research story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
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