{"id":3928,"date":"2024-06-01T11:37:42","date_gmt":"2024-06-01T11:37:42","guid":{"rendered":"https:\/\/digitaltradecenter.com\/index.php\/2024\/06\/01\/gold-and-silver-prices-end-week-lower-as-pce-stays-flat-in-april\/"},"modified":"2024-06-01T11:37:42","modified_gmt":"2024-06-01T11:37:42","slug":"gold-and-silver-prices-end-week-lower-as-pce-stays-flat-in-april","status":"publish","type":"post","link":"https:\/\/digitaltradecenter.com\/index.php\/2024\/06\/01\/gold-and-silver-prices-end-week-lower-as-pce-stays-flat-in-april\/","title":{"rendered":"Gold and Silver Prices End Week Lower as PCE Stays Flat in April"},"content":{"rendered":"<p><strong>The US Bureau of Economic Analysis released its personal consumption expenditures (PCE) price index data for April on Friday (May 31). The release shows that PCE remained steady on both a monthly and yearly basis, matching the March rises of 0.3 percent and 2.7 percent, respectively.<\/strong><\/p>\n<p>Core PCE, which excludes the food and energy categories, was up 0.2 percent on a monthly basis, a decline from March\u2019s 0.3 percent rise; however, year-over-year it matched the 2.8 percent gain from the previous month. <\/p>\n<p>Increases to personal income cooled slightly on a monthly basis, coming in at 0.3 percent, down from 0.5 percent in March. Likewise, disposable income saw some cooling in April, rising 0.2 percent compared to 0.5 percent in March. <\/p>\n<\/p>\n<p>Real PCE saw a decrease of 0.1 percent in April, which the Bureau of Economic Analysis said was owing to a 0.4 percent decrease in spending on goods, but a 0.1 percent increase in spending on services.<\/p>\n<p>April brought the slowest monthly core growth so far in 2024, and is largely in line with analysts&#8217; expectations. <\/p>\n<p>The PCE is a favorite index for the US Federal Reserve, which uses the data when it considers its future interest rate decisions. The broad consensus is that the central bank won&#8217;t make reductions until at least September. <\/p>\n<p>The gold price saw strong gains in morning trading following the PCE news, spiking to US$2,359 per ounce before falling back toward its opening value of US$2,343.80. Silver saw similar activity, quickly rising to US$31.73 per ounce in early morning trading before falling again. Both precious metals are set to end the week lower than they started. <\/p>\n<p>The S&amp;P 500 (INDEXSP:.INX), Nasdaq Composite (INDEXNASDAQ:.IXIC) and Dow Jones Industrial Average (INDEXDJX:.DJI) opened their sessions on Friday similarly, posting quick gains before declining.<\/p>\n<p><strong>Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.<\/strong><\/p>\n<\/p>\n<div>This post appeared first on investingnews.com<\/div>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The US Bureau of Economic Analysis released its personal consumption expenditures (PCE) price index data for April on Friday (May 31). The release shows that PCE remained steady on both a monthly and yearly basis, matching the March rises of 0.3 percent and 2.7 percent, respectively. Core PCE, which excludes the food and energy categories, <\/p>\n","protected":false},"author":1,"featured_media":3929,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":{"0":"post-3928","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"_links":{"self":[{"href":"https:\/\/digitaltradecenter.com\/index.php\/wp-json\/wp\/v2\/posts\/3928","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digitaltradecenter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digitaltradecenter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/digitaltradecenter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/digitaltradecenter.com\/index.php\/wp-json\/wp\/v2\/comments?post=3928"}],"version-history":[{"count":0,"href":"https:\/\/digitaltradecenter.com\/index.php\/wp-json\/wp\/v2\/posts\/3928\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digitaltradecenter.com\/index.php\/wp-json\/wp\/v2\/media\/3929"}],"wp:attachment":[{"href":"https:\/\/digitaltradecenter.com\/index.php\/wp-json\/wp\/v2\/media?parent=3928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digitaltradecenter.com\/index.php\/wp-json\/wp\/v2\/categories?post=3928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digitaltradecenter.com\/index.php\/wp-json\/wp\/v2\/tags?post=3928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}