Forex Trading Library

Dollar Corrects as Gold Bounces!

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Gold has extended its rally from last week’s lows, a move driven by dollar weakness.

With inflation figures likely to slow in today’s reading, could we see more volatility with the yellow metal?

Market sentiment shows the possibility that US inflation has peaked. So, will the 40-year highs now be an after thought as traders await the Fed?

Timestamps
DXY 01:45
XAUUSD 03:05

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