↑$XAU
Breaking: According to Kitco News, Federal Reserve Chair Kevin Walsh said at the Jackson Hole Economic Policy Symposium on Friday that inflation is more concerning than the labor market. As a result, spot gold prices fell 1% to $4,552 per ounce. Walsh noted that the Fed’s preferred inflation measure— the Personal Consumption Expenditures (PCE) price index— rose 3.7% over the past 12 months and 4.1% over the past 6 months, highlighting the central bank’s commitment to achieving its 2% price stability target.
Breaking: According to Kitco News, Federal Reserve Chair Kevin Walsh said at the Jackson Hole Economic Policy Symposium on Friday that inflation is more concerning than the labor market. As a result, spot gold prices fell 1% to $4,552 per ounce. Walsh noted that the Fed’s preferred inflation measure— the Personal Consumption Expenditures (PCE) price index— rose 3.7% over the past 12 months and 4.1% over the past 6 months, highlighting the central bank’s commitment to achieving its 2% price stability target.