Gold price (XAU/USD) sensed selling pressure while attempting to surpass the critical resistance of $2,030.00 in the Asian session. The precious metal has corrected to near $2,020.00 and is expected to display more weakness as the US Dollar Index (DXY) has shown a stellar recovery. The USD Index has climbed above 101.50 on expectations that more stubborn inflation data after incremental Nonfarm Payrolls (NFP) report could force the Federal Reserve (Fed) to keep interest rates higher for a longer period. According to the preliminary report, headline inflation is seen steady at 5.0% while the core Consumer Price Index ... (full story)