Gold Prices May Rise if the Fed’s Ideal Inflation Gauge Softens After GDP Shrank - DailyFX
7/28/2022 12:00:00 AM3 years 7 months ago
by Daniel Dubrovsky
by Daniel Dubrovsky
Gold prices soared as the US economy shrank in the second quarter, boosting bets of a Fed pivot. Softer PCE data on Friday could further boost XAU/USD.
Gold, XAU/USD, Fed, GDP, PCE, Technical Analysis, IG Client Sentiment - Briefing:
- Gold prices soared as US GDP drop boosts Fed pivot bets
- Softer PCE data Friday could compound XAU/US… [+2404 chars] full article...