PCE Report Triggers Gold Slide, Analyst Warns Fed Rate Cut Could Deepen Losses
![PCE Report Triggers Gold Slide, Analyst Warns Fed Rate Cut Could Deepen Losses](https://cryptoinvestment.at/wp-content/uploads/2024/08/pce-report-triggers-gold-slide-analyst-warns-fed-rate-cut-could-deepen-losses.jpg)
On Friday, Aug. 30, 2024, gold experienced a decline in value, coinciding with the U.S. Commerce Department’s release of the personal consumption expenditures (PCE) price index data. The PCE climbed by 2% in July, aligning perfectly with market expectations. During the day, gold hit a low of $2,495, but it later bounced back, crossing the […]