XAU is supported to increase in price
The PCE index is a measure of inflation based on changes in personal consumption expenditures and is used by the Fed as its preferred indicator of inflation. Personal spending can reflect consumer confidence.
This week's US jobs report is important, according to Marc Chandler, CEO of Bannockburn Global Forex. He said that if the market receives a negative report on the labor situation, gold prices will break out. Conversely, if the report is positive, gold could come under pressure and fall.
This week's US jobs report is important, according to Marc Chandler, CEO of Bannockburn Global Forex. He said that if the market receives a negative report on the labor situation, gold prices will break out. Conversely, if the report is positive, gold could come under pressure and fall.
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