The market re evaluates the outlook for the US economy, and the US dollar rebounded significantly on Thursday Multiple positive factors support the sustained bullish outlook for gold prices
On Thursday, the US dollar index initially hit the 104 mark in the US market, reaching a new high in nearly two weeks, and finally closed up 0.331% at 103.81.
The risk of stagflation in the United States has increased, with the US dollar rising and falling back on Wednesday Gold prices hitting a new historical high above $3050
On Wednesday, the US dollar index surged and fell sharply after the announcement of the Federal Reserve's interest rate decision
Geopolitical risks decrease, US dollar falls on Tuesday Gold price hits historic high again
On Tuesday, the US dollar index remained sluggish, hitting a new five month low and ultimately closing down 0.288% at 103.4.
The outlook for US economic growth has deteriorated, with the US dollar falling on Monday Geopolitical tensions supporting gold prices
On Monday, due to lower than expected retail sales data in the United States, the US dollar index plunged during trading and ultimately closed down 0.288% at 103.4.
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