Gold Reclaims $4,000 as a Softer Dollar Outweighs a Hot Inflation Print

From thegoldforecast.com

After four sessions of bleeding lower, the metals finally found their footing. Front-month gold futures settled up 1% at $4,030.50 an ounce, and silver added 0.5% to close at $58.348, snapping a four-day losing streak for both. It was not a thunderclap reversal — but after the week, we've had a green close above the $4,000 line is worth pausing on. What's instructive is how gold did it. The session opened on the back foot, futures down as much as 1% early, and then turned on a single data point: the May reading on personal consumption expenditures. PCE surged 4.1% over the trailing twelve months — the largest ... (full story)