GOLD Breakout, What's next?
- Dollar Falls as Fed's Chairman Powell Maintains Dovish Message.
- U.S. Treasury yields fell after Federal Reserve Chair Jerome Powell on Wednesday maintained his view that strong inflation will be temporary, even after data showed for the second day that price pressures rose more than expected in June.
- Gold jumped on Wednesday after U.S. Federal Reserve Chair Jerome Powell reassured investors that the central bank would continue its accommodative monetary policy despite a spike in inflation readings.
Likely market pullback before upside continuation? Leave your thoughts on the comment section below.
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