Gold Prices Rebound as Investors Buy the Dip, Await US Economic Data

Gold prices saw a modest recovery on Wednesday as investors capitalized on recent declines, despite easing US-EU trade tensions limiting further gains. The market is now closely watching the upcoming US Core Personal Consumption Expenditures (PCE) report, which could provide key insights into the Federal Reserve’s interest rate trajectory.

 

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Strategic Outlook:

Gold’s short-term trajectory will likely depend on US economic data and Federal Reserve policy signals. If inflation concerns persist, gold could see renewed safe-haven demand, but strong economic indicators may cap gains.

 

Source: Yahoo Finance, MSN.