Gold traders eye $3,150 with PCE and tariffs dictating near-term direction

From kitco.com

Gold prices are rangebound following the recent pullback as traders have turned their attention to PCE inflation data and tariff updates for direction on the next move in the gold market, according to analyst James Hyerczyk at FX Empire. “Gold prices are holding steady at the start of the week, pausing after last week’s sharp two-day pullback,” Hyerczyk wrote. “Monday’s trade remains confined within Friday’s range, signaling indecision as traders await fresh catalysts. The precious metal remains in a broader uptrend, but near-term correction risks persist, especially with key macro data and tariff-related ... (full story)