Gold prices rallied from $3,375 to $3,450 this week, driven by dovish data and Fed expectations. The PCE Index on Friday came in neutral, maintaining the narrative for a potential rate cut. Thursday’s GDP revision showed better-than-expected growth at +3.3% QoQ, boosting gold buying. With gold at new highs, next week’s Jobs Report could be a key catalyst. The current economic data signals that now may be the right time for the Fed to resume lowering interest rates, reflected in gold’s climb this week. Investors are eagerly awaiting the August Jobs Report for further guidance ahead of the next FOMC meeting.

Read more at Yahoo Finance: Gold Surges Toward $3,450 as Fed Cut Bets Rise