Gold Prices Await PCE Data, Eyeing Potential Rally
Update: 2025-11-24
Description
Gold prices held steady this week, with investors eagerly anticipating economic data that could influence the Federal Reserves interest rate decisions. Spot gold remained around $2,322.49 per ounce, while U.S. gold futures slightly increased. The upcoming U.S. personal consumption expenditures (PCE) price index report on Friday is a key focus, as a weaker number could boost gold prices towards $2,350, while a strong report might cause a dip towards $2,300. Recent economic reports indicating a slowing global economy could benefit gold, as lower interest rates generally make gold more attractive. Silver, platinum, and palladium also experienced slight decreases this week.
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