Despite showing some strength last week, gold remains below historical highs, with traders leaning towards the dollar due to fears of extended high US interest rates.
Gold's value reached $2,357 per ounce, reflecting market uncertainty, while attention shifts to the upcoming Consumer Price Index (CPI) announcement for potential US interest rate influence.
The US Producer Price Index (PPI) exceeded expectations on May 14, but focus remains on the CPI as a key indicator for market expectations and interest rate prospects.
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