Gold rebounds above $4,400 as dollar weakens, US PPI data looms
Gold has bounced back above $4,400 in early Asian trading, ending a three-day slide as the US dollar softens. Traders are watching upcoming US PPI inflation data.
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Gold is trading near $4,400 in early Asian hours on Thursday, recovering after three consecutive daily declines. The move higher comes as the US dollar softens, supporting the precious metal.
Attention now turns to upcoming US producer price inflation data, which could shape short-term dollar and rate expectations. Traders will watch the PPI reading for signals on inflation and possible policy implications.
Source: FXStreet Forex News