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Market Impact: 0.3
Gold fades after PCE keeps September Fed hike live
Source: kitco.com
InflationInterest Rates & YieldsMonetary PolicyMarket Technicals & Flows
Spot gold and silver are lower in early U.S. trading after July PCE inflation printed slightly hotter than expected, lifting Treasury yields ahead of Friday’s Jackson Hole remarks. The move implies a near-term rates headwind for precious metals, with the market positioning shifting in response to the inflation surprise.
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