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PCE
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- 1Gold Traders Brace for PCE Inflation Test●Gold Traders Brace for PCE Test as Record Central Bank Buying Meets a Hawkish Fed
Gold markets are positioning ahead of the latest US Personal Consumption Expenditures (PCE) inflation report, a key gauge for Federal Reserve policy. Prices are being supported by record central bank gold purchases, but a hawkish Fed stance is capping gains, leaving traders torn between strong official-sector demand and the prospect of higher-for-longer interest rates.