Commodities
Gold Holds Steady Near $4,650 Ahead of US PCE Inflation Test
The gold price has remained stable near $4,650 ahead of the US Personal Consumption Expenditures (PCE) inflation test. The XAU/USD pair is holding steady as investors await the release of the PCE data on August 26.
The PCE index is a key indicator of inflation in the US economy, and its release is expected to influence market sentiment and gold prices. A higher-than-expected reading could lead to increased demand for safe-haven assets like gold.