May 29, 2023 - Fundamental Reminder
2023-05-29
On Friday, spot gold rebounded after a new 2-month low. Before the U.S. session, gold prices retraced most of the day''s gains due to the over-expected PCE data prompting traders to enhance expectations for another Fed rate hike, eventually closing up 0.31% at $1,946.33 per ounce