
- XAU/USD remains subdued under the weight of a strengthening Dollar and recent US inflation data.
- Producer Price Index exceeds expectations, suggesting Fed easing cycle might be reconsidered.
- Investors recalibrate expectations for December Fed rate cut amid ongoing inflation concerns.
Gold recovers some ground on Thursday yet remains trading below its opening price for the fifth consecutive day, undermined by the Greenback’s advance for its own fifth consecutive day. A slightly hot inflation report in the US and solid jobs data sponsored XAU/USD’s leg down toward the 100-day Simple Moving Average (SMA). At the time of writing, Bullion trades
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