Gold Rebounds on Weakening US Dollar Ahead of Crucial PCE Inflation Data
Gold (XAU/USD) prices surged over 1% on Thursday, reclaiming the $2,326 level as the US Dollar (USD) retreated from recent highs. This rally was fueled by a combination of softer US economic data and a shift in market sentiment towards the possibility of earlier-than-expected Federal Reserve (Fed) rate cuts. Market Drivers: PCE Inflation and Fed’s […]
