Silver Primed for Bullish Breakout as PCE Inflation Data Signals Strong Market Momentum

Jeremy Szafron, Anchor at Kitco News, speaks with Jim Wyckoff, Senior Market Analyst at Kitco, to analyze the latest PCE inflation data and its effects on the gold and silver markets. With PCE inflation rising 0.2% in July and a year-over-year rate holding at 2.5%, Wyckoff breaks down the market's response and why gold and silver prices have slightly dipped. They also explore how Federal Reserve rate cuts, geopolitical tensions in the Middle East, and China’s monetary easing are shaping precious metal demand and market sentiment.

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0:00 - Introduction
0:21 - PCE Inflation Data Breakdown
1:22 - Market Reaction to PCE Data
2:22 - Gold and Silver Market Sentiment
3:06 - Silver Market Insights
3:44 - Rate Cut Expectations and Gold
4:24 - China’s Monetary Easing Impact
5:22 - Global Demand for Metals
6:03 - Upcoming Market Movers
7:03 - Closing Remarks

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