The Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditures (PCE) price index, showed a slight deceleration in November 2024. The core PCE, which excludes volatile food and energy prices, rose by 0.1% month-over-month, lower than October’s 0.3% increase and below economists’ expectations of 0.2%. On an annual basis, core PCE remained steady at 2.8%, while overall PCE increased to 2.4% from 2.3% in October, both figures coming in below forecasts. This data suggests progress in the Fed’s battle against inflation, though price increases remain above the central bank’s 2% target.

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$26,000 Gold?! The Truth Behind the Viral Chart
A chart making the rounds recently makes a bold claim: gold may need to skyrocket—potentially to $26,000 — to match historical levels of U.S. debt coverage. At first glance, the argument is compelling. Today, U.S. gold reserves cover just about 3% of federal debt—near record lows. In 1980, that number was closer to 18%. Go back further to the 1940s, and it exceeded 50%. So yes… if gold were to “rebalance” against debt the way it has in the past, prices would need to rise dramatically. But that doesn’t mean those price targets are realistic. The Flaw in the $26K Gold Argument It’s easy to look at historical ratios and




