Gold price falls to new daily lows as key inflation indicator misses expectations

(Kitco News) Gold fell to new daily lows after the U.S. annual core PCE price index came in at 3.5% in June versus the consensus forecast of 3.7%.

On a monthly basis, the core PCE price index was up 0.4% in June versus the expected 0.6%, according to the data published by the U.S. Department of Commerce on Friday.