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US PCE Drops Thursday. Here’s What It Means for Gold.
Gold is trading at $4,193 this Monday — recovering from last week’s $4,150 low. The US and Iran agreed on a 60-day peace roadmap in Switzerland, sending oil roughly 2% lower. Silver is at $66.05, outperforming gold today after last week’s 4.5% drop. But the biggest story this week isn’t Iran. It’s a three-letter acronym arriving Thursday morning: PCE. chart What Is PCE Inflation — and Why Does the Fed Use It Instead of CPI? Most investors follow CPI — the Consumer Price Index. It’s the number that makes headlines. However, the Federal Reserve operates on a different measure: the Personal Consumption ... (full story)
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From @FirstSquawk|4 hr ago|10 commentsTRUMP: LARGE VOLUMES OF OIL CONTINUE TO FLOW THROUGH THE STRAIT OF HORMUZ. Trump on the Economy: We have the opposite of a depression, oil prices are way down Trump: We have total control of the Strait. TRUMP: AS LONG AS IRAN SHOWS RESPECT TOWARD THE U.S., THERE WILL BE NO PROBLEMS BETWEEN THE TWO COUNTRIES.
From think.ing.com|5 hr agoThe signing of a preliminary Memorandum of Understanding (MoU) between the US and Iran last week, alongside the extension of the ceasefire, has eased concerns over further ...
From dailyforex.com|5 hr agoThe continued strength of the US dollar may renew selling pressure on gold as the new trading week begins. Ahead of the start of trading, skirmishes between the United States and ...
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From @FirstSquawk|3 hr agofed's goolsbee defends his dissent, says inflation remains well above target and moving in the wrong direction; adds the labor market is stable, services inflation is concerning, and more evidence is needed that price pressures are temporary.
From kitco.com|3 hr agoWithout a meaningful rebound in ETF inflows, gold will have trouble achieving the bullish target of $5,200 per ounce in the second half of 2026, according to commodity strategists ...
From investinglive.com|2 hr 57 min agoGold is trading lower today, although it has recovered from its session lows. The metal is currently down around $30 as rising U.S. Treasury yields and a stronger U.S. dollar ...
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- Jun 22, 3:19pm | 4 hr ago Posted byFundamental Analysis40
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