58% OFF the Premium on Silver Rounds – Ends 3/7 at 4pm EST (while supplies last)
Gold prices bounced back Wednesday after hitting a one-week low, supported by worries about Trump’s potential tariffs and a sharp decline in U.S. consumer confidence.
Gold faces a complex situation with inflation. While it typically serves as a protection against rising prices, persistent inflation might force the Federal Reserve to keep interest rates higher for longer. This hurts gold because it doesn’t provide yield like bonds or savings accounts.
Investors are now watching Friday’s Personal Consumption Expenditures (PCE) report closely. This inflation measure is the Fed’s favorite indicator and could strongly influence future interest rate decisions. Richmond Fed President Tom Barkin acknowledged this challenge, saying it’s difficult to make major policy changes during uncertain economic times.
