⭐ XAUUSD: What is happening?

The US Dollar Index (DXY), which measures the value of the Greenback against six major currencies, is facing difficulty in building momentum and is currently hovering around 105.60 at the time of this writing.

Moreover, Susan Collins, the Boston Fed President, has indicated that there is a possibility of further tightening, but she has emphasized the importance of exercising patience. Furthermore, Michelle W. Bowman, Governor of the US Federal Reserve (Fed), has echoed similar views, stating that additional interest rate increases are required to manage inflation.