Gold Prices Await PCE Data, Global Slowdown Boosts Bullion
Update: 2025-11-24
Description
Gold prices held steady as investors anticipated economic data, with spot gold at around $2,322.49 and U.S. gold futures up by 0.1%. The focus this week is on the U.S. PCE price index, with a weaker number potentially boosting gold to $2,350 and a strong report causing a pullback to $2,300. Business activity cooled in the U.S. and Eurozone, suggesting a slowing global economy, which could benefit gold prices. Silver fell by 0.5% to $29.44, platinum dropped by 0.3% to $992.78, and palladium decreased by 0.6% to $939.72.
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