Spot gold prices briefly widened their gains after the release of U.S. PCE data, down 1% this week

On Friday (December 5th), at the New York close, spot gold fell by 0.30%, reported at $4,194.86 per ounce. After the release of the U.S. PCE inflation data at 23:00 Beijing time, it rose to $4,259.34, refreshing the daily high, and significantly plummeted and turned negative around 00:00, with a cumulative decline of 1.03% for the week. COMEX gold futures fell by 0.44%, reported at $4,224.30 per ounce, with a cumulative decline of 0.73% for the week