✉news BusinessEconomy first seen 1 d ago, last 9 h ago, peak #25

Gold jumps as US growth and inflation data land

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

Gold surged to session highs after new US economic data showed the economy grew 2.2% in the second quarter, while the PCE inflation gauge rose 0.2% in August. Traders are weighing the solid growth figures against moderating inflation, with gold gaining ground on the combined release. The readings feed into expectations for the Federal Reserve's next interest rate moves.

Why now: Fresh US GDP and PCE inflation figures moved gold prices and shaped rate expectations.

goldUS economyPCE inflationFederal Reserve

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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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