The May PCE Price Index came in at 4.1% year over year, matching expectations.
For a gold market that had been selling on every piece of data that confirmed the Fed’s hawkish stance, an in-line print was enough to stop the bleeding.
Gold News: Gold Market Firms on Softer Fed Hike Odds, but Death Cross Warns Bears
Key Points
- The May PCE Price Index came in at 4.1% year over year, matching expectations.
- For a gold market that had been selling on every piece of data that confirmed the Fed’s hawkish stance, an in-line print was enough to stop the bleeding.
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Source: FXEmpire
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