Gold Price Surges on Soft US Core PCE Data, Eyes Triangle Breakout

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Gold prices (XAU/USD) rallied sharply early Thursday as the US core Personal Consumption Expenditure Price Index (PCE) for January softened in line with expectations. The lower-than-expected inflation strengthens expectations of a potential June rate cut by the Federal Reserve (Fed), reducing the opportunity cost of holding non-yielding Gold. Annual core PCE inflation slowed to 2.8% […]