From Investing.com: 2024-05-30 03:27:00

Gold fell by 1% as the US Dollar strengthened, making bullion less attractive for holders of other currencies. The decrease was due to hawkish Fed comments and higher Treasury yields. Meanwhile, the Euro fell despite higher German inflation, with EUR/USD dropping towards 1.08000. The market remains cautious ahead of the US inflation data release. Additionally, the Canadian Dollar fell by 0.53% as the USD strengthened, with investors staying risk-averse amidst fears of delayed Fed rate cuts. The USD/CAD pair rose, reflecting a decline in risk appetite. Traders are closely watching US macro data for potential market impact.



Read more at Investing.com: Gold Falls as US Dollar Strengthens; Euro Slumps on German Inflation Data