Gold Prices May Rise if the Fed’s Ideal Inflation Gauge Softens After GDP Shrank

Gold prices soared as the US economy shrank in the second quarter, boosting bets of a Fed pivot. Softer PCE data on Friday could further boost XAU/USD.      



Author: AliensFaith
HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

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