💰 Dollar Strength Weighs on Gold The US Dollar Index surged this week, reflecting investor confidence in the Fed’s hawkish stance. This strength has put downward pressure on gold, which typically moves inversely to the dollar. As Cleveland Fed President Beth Hammack and other officials signaled reluctance toward further easing, markets quickly adjusted their rate cut expectations. Gold fell from recent highs near $4,000 to $3,930 Dollar strength driven by hawkish Fed commentary Rate cut odds for December now sharply reduced