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The US dollar and gold's momentum shift as investors await GDP and PCE reports

From kitco.com

Investors have momentarily shifted their attention away from the geopolitical crisis in the Middle East to focus on two important reports. Beginning on Thursday at 8:30 AM EDT, the government will release a series of reports, with the most important component being the latest GDP for the third quarter (Q3). That report will be followed by the PCE (Personal Consumption Expenditures Price Index) for September. The current forecast of the core PCE index is looking for an increase in inflation from 0.1% to 0.3% month over month. This can be seen in the recent price action in both the dollar and gold as both markets ... (full story)

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  • Category: Technical Analysis