Spot gold at $4,025/oz as U.S. GDP growth rises 3.4% in Q3, core PCE rises 2.5% - Kitco
Spot gold at $4,025/oz as U.S. GDP growth rises 3.4% in Q3, core PCE rises 2.5% - Kitco
Source: Kitco
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DW NOTE
The Fed held rates at 3.75%-4% while core PCE printed at 2.5%—well below the 3.4% headline CPI—and GDP growth came in at 3.4%. Meanwhile gold sits at $4,025, down 24% from its January high, despite the Strait of Hormuz being closed and oil at $103. The disconnect is striking: either the market believes the energy shock will crater growth and kill inflation, or something broke in precious metals liquidity last month.