⚡️Strong US data underpins soft landing concerns, allowing Fed hawks to defend “higher for longer” bias for rates.
⚡️China woes, Fed Beige Book concerns also keep DXY buyers hopeful via firmer yields.
⚡️Multiple Fed speakers in the line for observation, risk catalysts also eyed for fresh impulse.
⚡️Firmer US inflation expectations, according to 10-year and 5-year breakeven inflation rates from St. Louis (FRED), also supports the hawkish views of the Fed and the bullish bias of the US Dollar
⚡️Together with the USD recovery has pushed the main trend of gold down in recent days