💰 Gold Dips as USD Rebounds Ahead of Key US PPI Data 📉
Gold prices are drifting lower as the US Dollar recovers from a two-week low, ahead of the upcoming US Producer Price Index (PPI) report.
📊 Market Snapshot:
Gold Spot Price: ~$2,045/oz
Daily Range: $2,040 – $2,055
USD Index: Rebounding, putting pressure on safe-haven gold
💡 Insight: Traders are cautious ahead of the PPI release, which could signal inflation trends and influence Fed policy. A stronger USD typically weighs on gold, while weaker inflation data could provide support.
Gold remains range-bound, waiting for fresh market catalysts.
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