📉 Gold Slips as Dollar Strength Returns After US Trade Data

Gold prices moved lower following the release of the latest US Trade Balance data, as renewed strength in the US Dollar put pressure on precious metals.

Market reaction highlights:

Spot Gold fell by ~$8, dipping to around $4,427 per ounce

The US Dollar Index (DXY) edged higher, gaining 8 points to 98.81

The traditional inverse relationship between Gold and the Dollar reasserted itself

As the Dollar found support, non-yielding assets like Gold faced short-term pressure. The move appears driven by immediate data reaction rather than a broader shift in trend.

📌 The key question now is whether this decline develops into a deeper correction, or remains a short-lived response to macro data.

News shared for informational purposes only.

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