US inflation continues to decline, with the US dollar experiencing a slight drop The situation in the Middle East is volatile, with gold prices soaring by $15 and breaking through $2,400 at one point
Nick Timiraos, the spokesperson for the Federal Reserve, stated that although Fed officials are unlikely to cut interest rates in July
Economic data provides support, the US dollar fell slightly on Thursday Gold price drops by over $30, temporarily finds support above $2,350
On Thursday (July 25th), as the market awaited the release of PCE data for June in the United States, the US dollar index remained in a range of fluctuations
The rebound in US Treasury yields has caused gold prices to hit their lowest level in over a week The bullish trend of gold has not changed, and Goldman Sachs maintains its target expectation of $2,700
On Monday (July 22), as the market digested the impact of Biden's withdrawal, the US dollar index closed slightly lower
The US dollar index fluctuated and rose, ending two consecutive weeks of bearish candlesticks The gold price once fell below $2,400, but it still has strong resilience and cannot be overly bearish on the future trend
Last Friday (July 19th), investors were concerned about digital currencies due to global network failures, causing the US dollar index to fluctuate and rise
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