Gold Prices Hold Strong Above $3,200, Driven by Economic Factors
Gold prices (XAU/USD) regain positive momentum as the new week commences, surpassing the $3,200 threshold during the Asian trading session. This rise follows the recent release of the Personal Consumption Expenditures (PCE) Price Index, highlighting signs of easing inflationary pressures in the US. This data supports the case for additional rate cuts by the Federal Reserve. Investors should remain tuned to evolving conditions that could impact gold prices significantly.