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Factors that Could Pressure the US Dollar and Benefit Gold

Factors that Could Pressure the US Dollar and Benefit Gold

Gold’s recent gains came on the back of uncertainty, which was pinned by weakness in the US dollar (UUP). The Fed’s less-hawkish-than-expected guidance in the near term, trade war talks, recent inflation, and other economic data were mostly negative for the dollar. While the immediate concerns over a trade war have receded, the uncertainty is far from over.