From Investing.com: 2024-05-27 05:38:00

The US dollar stabilized after a profit-taking pullback, while investors continue to support the Fed’s ‘higher for longer’ view. Wall Street rebounded on the strength of AI stocks, with Nvidia providing strong revenue forecasts. Gold gained slightly, but remains below its record high set on May 20. Market participants are closely watching Fed officials’ remarks and upcoming PCE inflation numbers. Safe haven flows into gold may increase due to tensions in the Middle East, and China’s central bank purchases could pick up ahead of the US elections. Gold’s uptrend may resume, although at a slower pace.



Read more at Investing.com: Dollar steadies, awaiting fresh catalyst