[Opinion] Gold price holding support at $3,300 as U.S. PCE rises 2.5% in the last 12 months

Gold Price Holds at $3,300 Despite Steady Inflation

A tense week for gold and silver has unfolded around trade tensions and inflation data. President Trump’s delay of EU tariffs boosted risk appetite, pushing gold and silver prices sharply lower. The FOMC minutes confirmed no imminent rate cuts and highlighted stagflation worries, while the PCE index showed inflation largely in line with expectations. Next week’s economic calendar is filled with key data points and Fed remarks, but as investors t…

Gold price holding support at $3,300 as U.S. PCE rises 2.5% in the last 12 months

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XAU/USD Chart Analysis: Gold Price Stabilises Around $3,300

Throughout May, a turbulent news backdrop — involving both international trade tariffs and armed conflicts — led to the formation of a peak around $3,430 and a low near $3,130 on the XAU/USD chart. As of today, the price per ounce stands around $3,300 — roughly the same level as at the beginning of the month.This suggests that supply and demand forces are largely balanced, keeping the price contained between these extremes. The XAU/USD chart pro…