The prices were gained for the third straight session on weaker US Dollar and signal by the US Fed that taper could be delayed as there is still a long way to substantial progress.
The yellow metal crossed 200-DMA for the first time since mid-July the previous day on the market’s risk-on mood.
Australia’s New South Wales posted softer-than-previous daily infections, 172 versus 240, but the US marked the biggest one-day increase in cases since February.
Though, today’s US Core Personal Consumption Expenditure Price Index for June, expected 3.7% YoY versus 3.4% prior, will be the key to follow as it becomes the US Federal Reserve’s key inflation barometer.
Elsewhere, Reuters conveyed an upbeat progress report for US President Joe Biden’s infrastructure spending proposal.
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EUR/USD holds the lower ground below 1.1900 amid broad-based US dollar rebound.
Gold price rallied nearly $23 on Thursday to reach the highest levels since July 15 at $1732, as the bulls got a fresh boost after piercing through the 200-Daily Moving Average at $1821.
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