U.S. Dollar Retreats Despite Rising Treasury Yields, Prompting Gold Rally

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The U.S. dollar, represented by the DXY index, experienced a decline on Monday after a strong rally the previous week. This came despite the rise in U.S. Treasury yields across various time frames. By early afternoon in New York, the dollar gauge was down 0.23% at 102.46, stepping back from its five-week high reached overnight. […]

Gold Price Forecast: XAU/USD Faces Active Trading Day with US Focus

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Gold price outlook is influenced by US retail sales, Fed communications, and updates on the US debt ceiling. Implied Fed funds futures indicate a leaning towards a dovish stance. The technical analysis by DailyFX.com reflects the uncertainty in the overall macro environment. XAU/USD Fundamental Backdrop Gold prices have remained rangebound as the market awaits the […]