Silver falls toward $68 as US PCE and GDP data reshape Fed outlook
Silver prices slipped toward $68/oz on Wednesday after US PCE rose 0.2% in July and GDP grew 1.5% in Q2, shifting expectations for the Fed’s next-month policy.
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Gold falls toward $4,600 as stronger US data cools Fed-cut odds
Gold slipped toward $4,600 an ounce as July PCE and other US releases came in slightly above forecasts, shifting pricing toward a 60% chance the Fed holds rates next month.
U.S. durable goods orders and GDP beat expectations
Durable Goods Orders were 1.1% versus 0.4% expected, while GDP was 1.5% versus 1.5% expected, per TradeXchange Newsdesk.
S&P 500 Futures Rise
S&P 500 futures rise 0.79% after Micron Technology's strong quarterly earnings and ahead of key economic data releases