Gold $1880 target, DXY update....

As noted above, a weaker than forecast ADP payrolls survey threw a spanner in the Buck’s recovery works, but the Greenback has subsequently regrouped and regained momentum with the index now over 100 ticks above yesterday’s 2020 low and aiming for the 200 DMA (92.920) ahead of 93.000, assuming it stays above interim resistance at 92.850 vs the 92.872 high, thus far. For the record, nothing new from Fed’s Williams on the new inflation target, the potential for the FOMC to adopt YCC or caps and forward guidance, so the focus will turn to Mester. This is increasing pressure for the recent yellow metal forecasts.