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Gold prices rise as U.S. Q2 GDP growth and inflation data beat expectations.

Market News
30 Sep 2026, 16:09 WIB
Kitco
View Source
Bullish
Gold prices rise as U.S. Q2 GDP growth and inflation data beat expectations.

U.S. Q2 GDP growth was revised up to 2.2%, surpassing expectations and the previous quarter's 2.1%, while inflation cooled with the core PCE index rising 0.2% in August, below forecasts. Personal spending also increased more than expected, signaling a healthy consumer base. These positive economic indicators boosted gold prices to session highs, reflecting renewed investor interest amid moderated inflation pressures. The data suggests a resilient economy that could influence Federal Reserve policy and market trends going forward.

Gold price movement is the subject, with Pluang market data providing context. For readers following US stocks, here is Pluang's market snapshot as of Sep 30, 2026 18:52 WIB: out of 150 US stocks, 78 rose and 57 fell. Notable movers include COIN at USD 192.30 (+1.20%), XPEV at USD 9.58 (+1.16%), and META at USD 730.43 (-1.15%).

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