- Gold futures pulled back Wednesday from three-month highs after PCE inflation came in slightly hotter than expected and Treasury yields rose.
- Gold remained above $4,600 an ounce as investors assessed the Federal Reserve's response to stubborn inflation ahead of Jackson Hole.
Quotes
“Gold futures pulled back Wednesday from three-month highs reached earlier this week, after PCE inflation data came in slightly hotter than expected and pushed Treasury yields higher.”