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Gold’s pullback deepens: Will PCE ignite the metal’s next surge?
Gold’s pullback has gathered momentum this week, challenging a market that has rarely paused during its record-setting climb this year. Spot prices slipped to about $4,190 per ounce in Thursday’s Asian session as traders booked profits and shifted into defensive mode ahead of Friday’s delayed PCE release - the inflation gauge the Federal Reserve relies on more than any other. The tension is clear. Markets now assign a nearly 90% chance of a quarter-point rate cut next week, yet uncertainty surrounding inflation has held back fresh buyers. With real yields easing, the dollar weakening, and central banks quietly ... (full story)
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From fxempire.com | Dec 4, 2025
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