Gold Prices Await Fed's PCE Data
Update: 2025-11-24
Description
Gold prices held steady as investors anticipate upcoming economic data, which could influence the Federal Reserves interest rate decisions. Spot gold remained around $2,322 per ounce, while U.S. gold futures saw a slight increase. Analysts predict gold will stay in a tight range until the U.S. Personal Consumption Expenditures (PCE) data is released, as it significantly impacts the Federal Reserves inflation views. Several Fed officials are set to speak this week, and their comments will be closely watched for hints on future policy. The market currently expects a fifty percent chance of an interest rate cut by September, making the upcoming data crucial. In other precious metals, spot silver, platinum, and palladium all experienced slight decreases, reflecting market uncertainty.
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