Gold Prices Await US PCE Data, Silver Dips

Gold prices held steady as investors awaited economic reports, with U.S. gold futures slightly rising. The most anticipated data, U.S. PCE price index, is set for release on Friday. A lower inflation number could push gold to test the two thousand three hundred fifty dollar mark, while a stronger inflation reading might cause gold prices to pull back. Economic indicators showed a cooling down in U.S. and Eurozone business activity, potentially weakening the global economic outlook and acting as a positive catalyst for gold. Silver, platinum, and palladium also experienced decreases.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.