Gold futures climb
Gold futures rose as core PCE inflation matched consensus, easing inflation concerns and lowering rate hike expectations
August Gold futures experienced a moderate bounce during today's session, finding support after an early dip and pushing away from the 4,000 level to touch a high of 4,060. 4% year-over-year core inflation print. 5%. Additionally, non-commercial positioning remains heavily skewed to the long side, highlighting an imbalance that traders will monitor closely as upcoming speeches from Federal Reserve officials could introduce new volatility.