Gold Falls 0.99% to $4,026 as Core PCE Rises and U.S. Growth Accelerates
Spot gold fell 0.99% to $4,026.20 an ounce Thursday and spot silver dropped 2.33% to $52.59, after stronger than expected third quarter U.S. GDP and a fresh rise in September core PCE inflation reinforced bets on more Federal Reserve tightening before year end. The data signaled a resilient economy and sticky price pressures, curbing demand for precious metals.