The Personal Consumption Expenditures (PCE) Index showed that inflation rose in May, with prices increasing 4.1%. This keeps the prospect of interest rate hikes in play and will continue to weigh on investor sentiment. On the other side of the coin, oil prices fell, providing some relief to investors and consumers alike. Still, the shadow of rate hikes continues to loom as investors prepare for the long haul. If you want to learn where to invest to outpace the kind of market that environment will foster, click here.
Gold turned lower in the face of a stronger dollar as prices dipped below $4,000 per ounce for the first time since late 2025. There has been hawkish posturing from the new Fed chair, which isn’t giving investors much confidence that gold will do well. Despite all of this, gold is still in a long-term bull market, and investors should continue adding to their portfolios. Click here to learn about one of the best ways to add gold exposure to your portfolio.
Investors, as well as the Fed, will be watching upcoming inflation data and the catalysts that could drive prices higher or lower.