Forex Trading Library

Dollar Weakens as Gold Jumps $40!

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Gold held its nerve after finding some resistance as it traded around the mid-$2030 area.

With US inflation data delaying interest rate cuts, the Fed is now waiting for the next round of data.

Are we witnessing a sell-off or just a slight correction as the dollar weakens?

Timestamps
XAUUSD 01:05
DXY 02:10

 

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