The personal consumption expenditures price index for August increased at a 3.4% annual rate, down from 3.7% the month prior. Economists surveyed by Dow Jones had been looking for inflation to remain steady at 3.7%. Even more encouraging was core PCE, excluding food and energy, rose 3% year on year, down from 3.3% the month before and also lower than economists had forecast.
Scum are already capping Gold and will most assuredly try to get it back below $4200…