Gold Prices Recover as US Inflation Fears Ease
TL;DR Summary
US indices and gold recovered losses after US inflation fears, with US inflation remaining high and US indices near multi-year highs despite price pressures. UK's FTSE 100 had a strong week due to supportive economic data, while gold trimmed losses helped by oversold conditions. The US dollar strengthened on higher-than-expected inflation data, impacting the value of the single currency and affecting the technical outlook for major US dollar pairs.
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