Gold regained sharply on the weak US dollar. The US dollar index lost more than 50 pips after US CPI data. The yearly inflation surged by 7%, the highest level since June 1982. Markets eye US PPI data today for further direction. Factors to watch for gold price action-
Global stock market- Bearish (Positive for gold) US dollar index โBearish (positive for gold) US10-year bond yield- Bullish (Negative for gold) It is good to buy on dips around $1810
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