GOLD PRICE FORECAST: XAU/USD CONTINUES TO JUGGLE ABOVE $1,900 DESPITE US INFLATION SOFTENS ll

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The US Dollar Index (DXY) is defending the critical support of 103.50 but looks prone to the further downside as investors’ risk appetite has improved dramatically. S&P500 futures witnessed responsive buying from the market participants as higher odds of a smaller rate hike from Fed chair Jerome Powell might postpone a likely recession in the US economy, portraying a sheer recovery in overall optimism.

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