π° Gold rallies as markets wait for key US data
Gold prices are extending their upward trend as global markets brace for major economic announcements. Investors are closely watching the US Personal Consumption Expenditures (PCE) data release. Additionally, the market is anticipating a significant speech from Warsh at Jackson Hole. This anticipation is creating a volatile environment for commodities trading worldwide. Traders are now positioned for the outcomes of these key economic indicators. π