Gold price wobbles near $4,850 after Trump cools tariff talk as Fed inflation gauge hits 2.8%
Spot gold hovered near $4,850 an ounce Thursday, recovering after dipping from Wednesday’s record $4,887.82. U.S. PCE inflation rose 0.2% in November, up 2.8% year-over-year, as released after a government shutdown delay. Trump’s retreat from Greenland tariff threats eased demand for safe-haven assets. SPDR Gold Shares ETF rose 0.4% to $445.2 in late-morning trading.