
The Dollar Doesn't Need to Die for Gold to Win
For years, the financial news space has been flooded with narratives of dollar doom, an incoming hyperinflation, and gold winning once the U.S. currency finally dies.
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For years, the financial news space has been flooded with narratives of dollar doom, an incoming hyperinflation, and gold winning once the U.S. currency finally dies.

CPI decides whether gold buyers clear $4,435.25 and target the 200-day average or trigger a deeper XAUUSD correction.

Gold rises above $4,400 as US inflation data takes centre stage

Silver price today: Silver rises, according to FXStreet data

The US dollar continues to recover from the blow dealt by the labour market statistics. A rally in Treasury bond yields is driving the rise in the USD index amid tensions in the Middle East and a resurgence of expectations that the Fed will tighten monetary policy in September.

USDCAD continues lower The American dollar continued its journey lower as the sell-off shows no signs of stopping. The pair is struggling to stay afloat at the 1.3900 zone as sellers pile on the pressure.

DXY, EUR/USD and GBP/USD trade near key technical levels as markets await U.S. CPI for fresh clues on inflation and the Fed's September policy outlook.

Silver Price Forecasts: XAG/USD resumes its uptrend, with bulls aiming for $67.17

AUD/USD outlook: RBA hawkishness meets the US CPI test

NZD/USD Price Forecast: Nearing 0.5860 support area amid by risk-off markets, domestic politics

British Pound: Limited upside within defined band against US Dollar – UOB

Euro: Upside capped by key resistance against US Dollar – UOB

The euro and pound are holding their ground against the US dollar, although the momentum in European currencies has become more subdued following their previous gains. Market participants are reluctant to establish new positions ahead of the release of the July US inflation report, which could alter expectations for the Federal Reserve's future policy.

GBP/USD Price Forecast: Continues to remain flat ahead of US CPI data