[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
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.
China Commerce Ministry has exchanged views with Australia regarding beef probe; China says it is willing to maintain communications
UK Ministers are reportedly drafting up plans to ban children from social media, according to the FT
[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
US President Trump says NEC Director Hassett was good on TV and wants to keep him where he is; on the Fed, will see how this works out
US Technologies is to invest USD 1.38bln in Oak Ridge, Tennesse; will create 200 jobs in the uranium enrichment facility
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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.
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