[MARKET UPDATE] USD continues to slip post-CPI, lifting EUR and GBP to fresh highs; XAU continues to climb, to a USD 4792/oz peak
Context
The continued slide of the USD following the CPI print suggests a market reassessment of the Fed's tightening trajectory, putting upward pressure on the EUR and GBP, which are now at new highs. Gold's climb to a $4792/oz peak indicates a broader risk appetite amid dollar weakness, reflecting heightened demand for safe-haven assets.
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