Gold surges above $5,060 as soft GDP, hot PCE hit US Dollar
Gold prices rally more than 1% on Friday after economic growth in the US decelerated, while inflation rose past the 3% threshold as depicted by the Core Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve’s (Fed) favorite inflation gauge.
Gold prices rally more than 1% on Friday after economic growth in the US decelerated, while inflation rose past the 3% threshold as depicted by the Core Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve’s (Fed) favorite inflation gauge.
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