Gold News – 27.May.2024

Gold News

Gold futures rose 0.2% to $2,339.9 a troy ounce.

This increase follows losses from Friday’s session, which closed at a two-week low.

Focus is on the upcoming U.S. Personal Consumption Expenditures (PCE) price index, due Friday.

The PCE index is the Federal Reserve’s preferred inflation measure and may indicate future monetary easing.

High interest rates typically reduce demand for non-interest-bearing assets like gold.

Gold prices declined last week due to pessimistic commentary on rate cuts from the Federal Reserve minutes released on Wednesday.

Author : Arman Shaban
To see more analyzes of Gold , Forex Pairs , Cryptocurrencies , Indices and Stocks , be sure to Follow and Join us on other Platforms :