US Dollar softens as Gold slides below $3,200 on risk rebound

  • The US Dollar Index (DXY), which measures the value of the US Dollar against a basket of currencies, softened near 100.60 on Wednesday as cooler-than-expected inflation and news of ongoing US-South Korea currency discussions pressured the Greenback. Gold extended its sell-off, plunging below $3,200 per ounce for the first time since April 11.