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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What’s Driving Gold’s Sharpest Pullback of the Year
Gold is down 14% in 30 days — but the fundamentals haven’t changed. We break down what’s behind the sharpest pullback of the year, why silver is bucking the trend, and what Iran’s rejection of U.S. talks means for precious metals going forward.




