US July PCE Price Index Holds Steady at 3.7%, Exceeding Expectations, Boosting Fed Rate Hike Odds

[SMM Daily Review: PCE Data in Line with Expectations, Silver Prices Consolidate, Market Focuses on Jackson Hole Guidance] SMM, August 27, The US July PCE data slightly exceeded expectations, rate hike expectations increased slightly, and silver prices pulled back briefly. Spot market month-end shipments were weak, transactions maintained a small discount, with attention on Jackson Hole conference signals.

[SMM Precious Metal Express] Iran announced it had reached an agreement with Oman on revenue sharing for the Strait of Hormuz, but Iranian sources said the deal has not been finalized and details are still being negotiated. The mixed signals offer both hope for reopening and uncertainty over concrete progress, with the short-term impact on gold offsetting between pressure and support, resulting in a broadly neutral effect.