Gold prices fell toward $4,600 an ounce on Wednesday, putting the metal on course to end a three-session advance as investors evaluated U.S. economic data for signals on the Federal Reserve’s interest-rate path. The PCE price index rose 0.2% in July, above the 0.1% forecast, while annual inflation reached 3.7% against expectations of 3.6%. Core PCE increased 0.2% month over month and 3.3% year over year, matching forecasts. Consumer spending and income were also slightly stronger than expected. Separate figures showed U.S. GDP grew 1.5% in the second quarter, matching the initial estimate, and durable-goods orders rose 1.1% in July versus expectations for 0.5%. The CME FedWatch Tool showed markets pricing a roughly 60% chance that the Fed will leave rates unchanged next month, down from 64% before the data. Separately, Iran said it had resumed talks with neighboring Oman on managing the Strait of Hormuz amid mounting economic pressure from U.S. President Donald Trump.