Gold price catching a bid as core PCE rises 0.1% in November
Portfolio Pulse from
Gold prices are seeing an increase as the core Personal Consumption Expenditures (PCE) index rose by 0.1% in November. This economic indicator is closely watched by investors as it reflects inflation trends.
December 20, 2024 | 2:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
The rise in gold prices due to the increase in the core PCE index is likely to positively impact AAAU, a gold-backed ETF.
AAAU is a gold-backed ETF, and its performance is directly tied to the price of gold. As gold prices rise due to the increase in the core PCE index, AAAU is likely to benefit from this trend.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80