The dynamic has contributed to a bearish sentiment for gold as investors adjust their positions in response to evolving monetary policy expectations.
Gold has traditionally been viewed as a hedge against inflation, but the recent strength in the USD and anticipation of higher interest rates have dampened its appeal as an alternative store of value.
Market participants are closely monitoring central bank communications and economic data releases for further insights into the trajectory of monetary policy and its potential implications for both the USD and gold prices.
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