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PCE Report Triggers Gold Slide, Analyst Warns Fed Rate Cut Could Deepen Losses

PCE Report Triggers Gold Slide, Analyst Warns Fed Rate Cut Could Deepen LossesOn Friday, Aug. 30, 2024, gold experienced a decline in value, coinciding with the U.S. Commerce Department’s release of the personal consumption expenditures (PCE) price index data. The PCE climbed by 2% in July, aligning perfectly with market expectations. During the day, gold hit a low of $2,495, but it later bounced back, crossing the […]

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