Gold prices hold near record highs as U.S. PCE rises 2.8% in last 12 months
Portfolio Pulse from
The U.S. Core Personal Consumption Expenditures (PCE) index increased by 0.4% month-over-month, exceeding economists' expectations. Core inflation rose 2.8% over the past 12 months, signaling ongoing inflationary pressures. Gold prices responded positively, trading near all-time highs at $3,079.20 per ounce, up 0.74% on the day.
March 28, 2025 | 1:00 pm
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POSITIVE IMPACT
The SPDR Gold Trust ETF (AAAU) is likely to see increased investor interest due to rising inflation and gold's strong performance near all-time highs.
With gold prices near record highs and inflation remaining a key concern, AAAU as a gold-tracking ETF is well-positioned to attract investors seeking safe-haven assets.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 70