📰 US CPI data signals persistent inflation pressures.
A positive backdrop for the USD as markets price in a cautious Fed path.
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#Gold drops below $4,200 as markets react to stronger U.S. data, rising oil prices, and renewed inflation concerns.
If higher inflation keeps central banks cautious on rate cuts
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💵 The US Dollar remains resilient as strong payrolls data and a hawkish Fed outlook continue to support the greenback.
📈 No rate cuts expected through 2026?
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Gold remains range-bound as traders balance geopolitical uncertainty with upcoming U.S. inflation figures. A stronger U.S. economy
#XAUUSD #ForexTrading #Markets #Inflation #TechnicalAnalysis
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