✉news BusinessEconomy first seen 1 d ago, last 8 min ago, peak #25

Gold surges after US growth and inflation data

Original: Gold price rockets to session highs as US economy rises 2.2% in Q2, PCE inflation rises 0.2% in August

Gold prices jumped to session highs after new US economic data showed the economy grew 2.2% in the second quarter, while the PCE inflation measure, the Federal Reserve's preferred gauge, rose 0.2% in August. Traders read the combination of solid growth and contained inflation as a signal for the metal's next move.

Why now: Fresh US GDP and PCE inflation figures moved gold markets and feed into expectations for Federal Reserve policy.

GoldUS economyFederal ReservePCE inflation

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Evidence

• Gold price rockets to session highs as US economy rises 2.2% in Q2, PCE inflation rises 0.2% in August · Kitco

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