Gold Jumps 1.5% After PCE Inflation Surge; Trader Opens 20x Long Position Worth $607K

According to BlockBeats, gold surged 1.5% on June 26 after U.S. PCE inflation hit a three-year high, according to Hyperinsight monitoring. The commodity traded at $4,051 on the Hyperliquid platform.

A trader entered a 150-contract GOLD long position at 20x leverage at 10:00 AM today, accumulating $607,000 notional value at an average price of $4,006 near the local bottom. The position currently shows an unrealized gain of 21.7%.