Day: June 3, 2024

Gold Loses Momentum After Initial PCE-Fueled Spike

gold image

Gold prices (XAU/USD) are fluctuating slightly on Monday, caught between a risk-on environment and bets on potential Fed rate cuts. Market Dynamics: Gold’s Recent Performance: Overall: While the initial PCE data triggered a temporary rise in gold prices, the overall outlook remains uncertain. The risk-on environment and unclear Fed intentions are currently pressuring gold. Technically, […]

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