🚨 Market Update | Friday, June 12

💸 The U.S. Dollar fell sharply to the 99.60 level after briefly hitting a three-month high earlier in the session, as investors took profits despite stronger-than-expected inflation data. The U.S. Core PPI rose 0.4% MoM in May and remained at 4.9% YoY, highlighting persistent price pressures.

💰 Gold climbed toward the $4,190 region, benefiting from the pullback in the U.S. Dollar as a weaker greenback boosted demand for the precious metal.

📊 Traders are now closely watching whether the dollar's decline continues, as further weakness could provide additional support for gold prices.

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