US Dollar clings to five-month highs above 105.00

The US Dollar (USD) holds into gains on Thursday after having a field day on Wednesday, trading over 1% in the green, with a move not seen since early January.
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Gold price drops as traders pare Fed rate cut prospects

Gold price (XAU/USD) edges down to $2,330 in Thursday’s European session as traders have priced out strong speculation that the Federal Reserve (Fed) will pivot to rate cuts in the June meeting.
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