#U.S. Core PCE hits a six-month low—will the gold bulls’ “celebration” be coming?#
In August, the U.S. core PCE year-over-year rate recorded 3.0%, below expectations of 3.3%, reaching a six-month low! Cooling inflation directly weakens expectations that the Federal Reserve will continue raising rates.
As soon as the data came out, software immediately labeled it as “bullish for gold and silver.” The logic is simple: with rate expectations falling, the opportunity cost of holding gold decreases, providing real support for gold prices.
But don’t get carried away by “celebrations”: consumer spending is still strong, suggesting the U.S. economy is not doing badly, and the Fed may keep rates high for longer. Also, given how much gold prices have already risen recently, be careful of short-term pullbacks driven by “buy the expectation, sell the fact.”
Near-term sentiment is somewhat bullish, but chasing gains should be done cautiously. Staggered entries on pullbacks may be a steadier approach. What do you think?$XAU #股票财报季 #QNT一周涨287%
In August, the U.S. core PCE year-over-year rate recorded 3.0%, below expectations of 3.3%, reaching a six-month low! Cooling inflation directly weakens expectations that the Federal Reserve will continue raising rates.
As soon as the data came out, software immediately labeled it as “bullish for gold and silver.” The logic is simple: with rate expectations falling, the opportunity cost of holding gold decreases, providing real support for gold prices.
But don’t get carried away by “celebrations”: consumer spending is still strong, suggesting the U.S. economy is not doing badly, and the Fed may keep rates high for longer. Also, given how much gold prices have already risen recently, be careful of short-term pullbacks driven by “buy the expectation, sell the fact.”
Near-term sentiment is somewhat bullish, but chasing gains should be done cautiously. Staggered entries on pullbacks may be a steadier approach. What do you think?$XAU #股票财报季 #QNT一周涨287%
