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Gold cools down, Dollar defies rate cuts and indices hit record highs [Video]

Gold has taken a breather this week — cooling off after its massive run as uncertainty in the market starts to ease. The fear premium that fueled gold’s explosive rally is fading, and traders are now shifting focus to yields, risk appetite, and central bank cues.

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Meanwhile, the Dollar is gaining traction despite rate cuts — a move that’s caught many off guard. When the Fed cuts, the textbook says the dollar should weaken… but this time, it’s different. Relative rate differentials, safe-haven flows, and a surprisingly resilient U.S. economy are keeping the greenback supported.

At the same time, U.S. indices are pushing into all-time highs, powered by easier policy expectations and a return of optimism in equities. But the question traders are asking now: is this rally sustainable, or are we nearing exhaustion?

In this market wrap, I’ll walk you through:

  • Why the dollar’s rally defies conventional logic.
  • How gold’s cooldown might set up the next leg.
  • Why indices are euphoric, and where sentiment could shift.
  • And how to approach this landscape with structure, not emotion.

This isn’t just analysis — it’s the weekly trader’s pulse: where the money’s flowing, how narratives are shifting, and what setups are worth your focus.

Author

Jasper Osita

Jasper Osita

Independent Analyst

Jasper has been in the markets since 2019 trading currencies, indices and commodities like Gold. His approach in the market is heavily accompanied by technical analysis, trading Smart Money Concepts (SMC) with fundamentals in mind.

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