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U. S. equity futures moved higher on Wednesday after the latest personal consumption expenditures inflation report showed monthly price growth below economists’ forecasts.
US stock futures extended gains on Wednesday, with S&P 500 and Nasdaq 100 futures up 0.3% and Dow futures gaining 130 points, as a cooler-than-expected inflation reading boosted hopes that the Federal Reserve may not raise interest rates again as soon as next month.The PCE price index rose 0.3% in…
(Kitco NewsWire) – Spot gold prices were firmer and spot silver prices were modestly lower in early U.S. trading Wednesday, as softer U.S. inflation data eased immediate Fed tightening pressure while elevated Treasury yields and a still-firm dollar kept the rebound contained. At the time of writing, spot gold was…