Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Commodities

Gold Prices Weaken as Dollar Strengthens Ahead of PCE Inflation Data

Guavy AI Editorial Team
Instruments
Gold
Share

The US dollar firmed up on Monday, causing gold prices to slip. Spot gold is currently trading around $2,350 per ounce, down about 0.3% on the day.

This comes as investors wait for the release of the US Personal Consumption Expenditures (PCE) price index, which will provide crucial guidance on the Federal Reserve's monetary policy path.

According to James Steel, chief precious metals analyst at HSBC, 'Gold is in a wait-and-see mode ahead of the PCE data.' The market is looking for confirmation that inflation is cooling enough to justify rate cuts.

More on Commodities

Commodities 1m ago

Gold Surges Past $4,630 Amid Dollar Weakness and US Budget Deficit Concerns

Commodities 1m ago

Gold Retreats from Three-Month High Amid Higher Inflation

Commodities 2m ago

Euro Steadies Amid Stronger German Data as Oil Prices Weaken

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy