Gold Breaks Below $4,000 Per Ounce as U.S. Dollar Index Surges on June 26

According to China CITIC Securities, the U.S. dollar index surged recently on June 26, driving gold prices below the $4,000 per ounce mark. The securities firm attributed the dollar strength primarily to tightening dollar liquidity expectations rather than weakening inflation concerns. CITIC expects the dollar index to maintain support through the remainder of the year, though sustained rallies are unlikely.
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