[MARKET UPDATE] Immediate upside in DXY (99.34) and pressure in XAU (USD 4,566/oz) after US President Trump said he wants to keep NEC Director Hassett where he is

Immediate upside in DXY (99.34) and pressure in XAU (USD 4,566/oz) after US President Trump said he wants to keep NEC Director Hassett where he is.

The immediate upside in the DXY and downward pressure on XAU suggests that President Trump's intention to retain NEC Director Hassett is being interpreted positively by the market, likely due to expectations of continued pro-growth policies. This dynamic often influences U.S. dollar strength against gold, as a strong dollar typically pressures gold prices. Watch for any further developments that could impact sentiment and drive these movements further.