The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against a basket of currencies, is currently flat near 104.30 on Friday following the release of the Federal Reserve’s (Fed) preferred inflation metric — the Personal Consumption Expenditures (PCE) Price Index. The reading showed a mild uptick, helping the Greenback hold recent levels. However, the rally appears capped as safe-haven flows favor Gold, and technical signals remain bearish.
Federal Reserve’s
Federal Reserves 1st Policy Statement of The Year
Gold Silver Reports ~ Gold steadied below a 12-week peak on Wednesday as investors remained cautious ahead of the Federal Reserve’s first policy statement of the year, which is expected to give clues on interest rates.