kimesismoneysystem

Gold prices holding above $1,750 as core PCE inflation rises 4.8% in June The gold market is holding on to solid gains has inflation pressures continue to rise more than expected. On a monthly basis, the core Personal Consumption Expenditures price index increased 0.6% last month, the U.S. Department of Commerce said on Friday. The inflation data was hotter than expected as consensus forecasts were calling for a 0.5% rise. On an annual basis, core PCE increased 4.8%, up from…

Gold sees modest rally following mildly dovish FOMC statement Gold prices are steady to firmer in early afternoon U.S. dealings Wednesday, supported by the conclusion of the U.S. central bank meeting this afternoon that was deemed just a bit dovish. Gold prices were modestly down just prior to the FOMC statement's release. June gold futures were last up $1.50 at $1,871.80 and May Comex silver was last down $0.136 at $22.46 an ounce. The just-released data point of the week,…