- Rising US Treasury yields remained high, capping Gold’s advance. The US 10-year T-yield is up almost six bps to 4.281%.
- US Dollar Index (DXY) decreased by 0.18% to 105.34, putting a lid on Gold price.
- Despite US CPI report showing disinflation process continuing, Fed Chair Jerome Powell commented that they remain “less confident” about the progress on inflation.
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