Gold price is flirting with a new two-week high near $1,880, rising for the second straight day on Thursday. Gold price has regained its recovery mome
Gold price is challenging the key $1,880 level on a two-day positive momentum. US Dollar tracks US Treasury bond yields lower on a cautious Federal Reserve, upbeat mood. Gold price is at a critical juncture, awaiting US inflation data for a fresh directional move. ntum, as the United States Dollar stays on the defensive alongside the US Treasury bond yields amid a cautious US Federal Reserve stance on interest rate.
Early Thursday, Gold price is building on the previous upswing, as the US Dollar keeps its downside intact amid expectations of a soft United States Consumer Price Index report, which could cement an extended Fed rate hike pause for this year. In such a case, Gold price could catch a fresh bid wave to test the $1,900 mark. If the US CPI data surprises with a hotter-than-expected print, it could offer temporary support to the US Dollar while triggering a pullback in the Gold price.
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