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Gold, Dollar Slide as US Inflation Data and Rate Hike Expectations Loom
Al Jazeera AR·US·3 days ago
Gold prices rose as the dollar fell, with markets awaiting US inflation data to gauge the interest-rate path. Geopolitical and financial concerns underpinned the metal despite expectations of monetary tightening. The move reflects pre-data positioning rather than a confirmed trend shift.
Gold prices are exhibiting pre-data volatility, with initial gains confirmed due to a weakening dollar, followed by a confirmed decline as crude oil prices advanced. Market movements are primarily driven by investor positioning ahead of US inflation data, which is anticipated to clarify the Federal Reserve's interest rate trajectory.