Good USD economic data remains a headwind for the yellow metal

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Although the market is pricing in a decent chance that the Fed is going to hike in July, the more relevant factor for gold is that the market has been simultaneously pricing out the number of cuts that we could expect over the next year

The dollar index firmed 0.47%, making gold less attractive for overseas buyers.

٢٩ يونيو ٢٠٢٣

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