XAU/USD is trading at $1,810.49, down by 0.06% in 24 hours. Last week, the yellow metal lost value against the US dollar on all five trading days. Furthermore, its price has dropped for four consecutive weeks and is still under pressure at around a two-month low. The Fed’s preferred measure of inflation, the Core Personal Consumption Expenditures Price Index (PCE), moved up to 4.7% in January from 4.6% in December as a result of a 0.6% monthly increase, according to a report released by the US Bureau of Economic Analysis on February 24. As a result of the data showing rising inflation, the global market sentiment ... (full story)