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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Gold Rebounds as Fed Risk, Weak Jobs, and Crypto Stress Collide
Daily News Nuggets | Today’s top stories for gold and silver investors February 4th, 2026 | Brandon Sauerwein, Editor Gold Over $5,000, Silver Surges After Deep Sell-Off Gold futures reclaimed the $5,000/oz mark Wednesday, rebounding after last week’s historic plunge. Prices rose about 3% to roughly $5,070/oz, while silver surged 8–10% toward the $90/oz level. The bounce followed one of the sharpest precious-metals sell-offs in decades, with gold down more than 13% and silver nearly 30% earlier this week. Traders point to dip-buying and forced liquidations running their course as key drivers of the rebound. After crowded trades unwound, selling pressure eased. Many now view the drop as a technical reset, not a breakdown in underlying demand. Still, volatility remains elevated. Measures like the




