Gold (XAUUSD) Price Forecast: Will Core PCE Fuel a Rally or Signal Further Losses?
Profit-Taking Sets in but Macro Backdrop Stays Supportive Wednesday’s pullback was inevitable after extreme gains. Trump’s softer tone on Powell and openness to tariff reductions sparked temporary risk-on sentiment. Gold retreated as equities bounced and the dollar recovered. By Thursday, opportunistic buyers returned, stabilizing gold prices heading into the weekend. Despite volatility, gold’s core fundamentals…