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6.4

Gold declines on profit-taking and rising yields following PCE inflation surprise

Gold futures retreated 0.87% as investors locked in gains ahead of a scheduled speech by Fed Chair Kevin Warsh at Jackson Hole. The sell-off was catalyzed by a July PCE print of 3.7%, exceeding the 3.6% consensus, which pushed Treasury yields and the dollar higher.

Valor Econômico1 day agoUSCredibility 45%View source

Score Breakdown

Mosaic Score6.4
Confidence0.9
Significance0.5
Source credibility0.5

Intelligence Tags

#gold#fed#inflation#pce#treasury-yields

Locations

Jackson HoleNew York

Entities

countrypersonmarketmarketorganization
Source

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