Gold price remains under pressure, but largely ignores hotter inflation data as core PCE rises 0.6% in January, annual inflation rises 4.7% – Kitco NEWS

February 23, 2023 by quixnet

Gold price remains under pressure, but largely ignores hotter inflation data as core PCE rises 0.6% in January, annual inflation rises 4.7%Kitco NEWS
Key Fed inflation measure rose 0.6% in January, more than expectedCNBC
Consumer spending posts biggest gain in almost two years. Don’t expect it to lastMarketWatch
High inflation costing Americans an extra $395 a monthFox Business
What’s the Impact of Inflation on Savings Accounts? – Buy Side fromThe Wall Street Journal