(Bloomberg) -- Gold eked out small gains as the dollar extended losses after the latest US data showed a key inflation gauge picked up last month, reinforcing expectations that the Federal Reserve will adopt a measured approach to lowering interest rates.Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Kansas City, a First-Ever Stadium Designed for
In the 12 months through October, the PCE price index increased 2.3 after advancing 2.1% in September. Excluding the volatile food and energy components, the PCE price index rose 0.3%, after a similar increase in September. In the 12 months through October, core inflation increased 2.8% after climbing 2.7% in September.
Unless you've been living under a rock, you've likely seen Bitcoin (CRYPTO: BTC) skyrocket over the past few weeks. Is Bitcoin's inability to breach $100,000 a red flag, or is this a golden opportunity to buy? Let's explore why Bitcoin stumbled at this milestone, what lies ahead, and whether it's still worth adding to your portfolio.