Gold price (XAU/USD) has resumed its upside journey towards the $1,970.00 resistance in the European session. The precious metal is repossessing the spotlight as the recovery move in the US Dollar Index (DXY) seems less confident due to the absence of fundamental support.
S&P500 futures have surrendered half of the gains as investors are shifting their focus toward the release of the United States Consumer Price Index (CPI) data. Market sentiment has turned cautious as the US inflation release could bring variation in expectations for the Federal Reserve (Fed) policy for June.
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