$XAU Gold Slides Below $4,430 as USD Firms ๐๐ต
The classic DollarโGold inverse relationship is back in action. After fresh US Trade Balance data, markets moved fastโboosting the greenback and pressuring precious metals.
๐น Markets reacted instantly to the US trade figures
๐น Spot Gold slipped by $8, trading near $4,427/oz ๐ชโฌ๏ธ
๐น DXY edged higher, up 8 points to 98.81, weighing on non-yielding assets ๐
With the Dollar showing renewed strength, is this just a knee-jerk move or the beginning of a deeper pullback for Gold? ๐ค
