Gold and silver are trading higher ahead of Friday PCE data. Precious metals may also be reacting to regional tensions following an attempted coup in Bolivia, stress test results and earlier economic data.
Portfolio Pulse from Benzinga Newsdesk
Gold and silver are trading higher ahead of Friday's PCE data, potentially influenced by regional tensions following an attempted coup in Bolivia, stress test results, and earlier economic data.
June 27, 2024 | 3:02 pm
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POSITIVE IMPACT
Gold prices are trading higher ahead of Friday's PCE data, influenced by regional tensions in Bolivia and recent economic data.
The price of gold, and consequently GLD, is rising due to anticipation of PCE data, regional tensions in Bolivia, and recent economic data. These factors typically drive investors towards safe-haven assets like gold.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Silver prices are trading higher ahead of Friday's PCE data, influenced by regional tensions in Bolivia and recent economic data.
The price of silver, and consequently SLV, is rising due to anticipation of PCE data, regional tensions in Bolivia, and recent economic data. These factors typically drive investors towards safe-haven assets like silver.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80