Gold price continues losing streak as hot inflation pushes back Fed rate-cut expectations

Gold price (XAU/USD) continues its five-day losing spell on Wednesday as hot United States inflation data suggests the Federal Reserve (Fed) will hold back from cutting interest rates at its monetary policy meeting in May.
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USD/JPY: The threat of intervention and speculation on a March hike should limit Yen selling – MUFG

One consequence of the stronger than expected US inflation is the re-emergence of concerns in Tokyo over the level of the Japanese Yen (JPY).
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