The value of gold in the global market rose significantly as the pressure from the US dollar decreased. The US Dollar Index, which assesses the stability of the dollar against six major currencies, decreased by 0.65% to 100.6 points.
This led to a significant increase in precious metal prices as investors analyzed data on US inflation, which plays a crucial role in the US Federal Reserve's monetary policy decisions. Unless inflation drops rapidly, gold will continue to be a valuable asset for investors.
However, if the Fed maintains a strict monetary policy, the value of the dollar will increase.
This led to a significant increase in precious metal prices as investors analyzed data on US inflation, which plays a crucial role in the US Federal Reserve's monetary policy decisions. Unless inflation drops rapidly, gold will continue to be a valuable asset for investors.
However, if the Fed maintains a strict monetary policy, the value of the dollar will increase.
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