Gold falls toward $4,000 as core PCE rises, U.S. growth accelerates - Kitco AM Report - Kitco
Gold falls toward $4,000 as core PCE rises, U.S. growth accelerates - Kitco AM Report - Kitco
Source: Kitco
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DW NOTE
Gold dropped $1,300 from its January peak while the Fed held rates at 3.75% and crude held above $100 with the Strait of Hormuz effectively closed. The market priced in disinflation that hasn't arrived, then repriced when the data confirmed it. Core PCE doesn't override a supply shock — it lags it.