Gold holds near $4,000 after US PCE inflation data meets expectations, reducing September rate-hike odds from 68% to 63%. Bitcoin follows in lockstep.

Gold dropped nearly 2% to a two-week low near $4,067 as the US dollar surged and markets priced a 69% chance of a September Fed rate hike under Chair Kevin

Gold prices today fell near two-week low as strong US dollar and Fed rate hike expectations weigh on demand; investors await key PCE inflation data.

Gold prices tumbled to a seven-month low on Thursday, nearing $3,985 per ounce, as a robust dollar and anticipation of Federal Reserve interest rate hikes weighed heavily. Traders…