Overview

• U.S. PCE inflation rose 0.3% in August and 2.7% year over year, with core up 0.2% monthly and 2.9% annually, matching forecasts and reinforcing odds of further Fed cuts this year.
• Gold futures advanced to $3,809/oz for December on Comex, up about 1% on the day and nearly 2.8% for the week, supported by a softer dollar and haven demand tied to geopolitical tensions.
• The dollar fell after the PCE print and weaker consumer sentiment, with the DXY down 0.41% on the day as traders priced more easing; new U.S. tariff announcements also pressured the currency.
• U.S. stocks closed higher, with the Dow up 0.65%, S&P 500 up 0.59% and Nasdaq up 0.44%, as rate-cut expectations firmed and large-cap tech recovered late in the session.
• In Brazil, the Ibovespa edged up 0.10% Friday but slipped 0.29% for the week, the real closed near R$5.338 per dollar, and Braskem sank 14.81% after hiring advisers to review its capital structure, triggering a trading auction.