Gold Hits 1-Month High, Layoffs Mount, FedWatch Says Four Cuts, Gold and Silver Charts
Weekly Recap for the Week Ending March 1, 2024
Domestic
1. Gold hits 1-month high on PCE data
Gold bugs were eager to buy, and the in-line core PCE inflation data provided the perfect excuse. Data was only on-consensus yet investors bid spot gold up by 0.57% to $2,054 per ounce.
If gold prices rise as inflation data meets analysts’ expectations, what can we expect when inflation data comes in better th…
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