Australia TD-MI Inflation Gauge (MoM) dipped from previous 1% to 0.2% in January | FXStreet

Gold recovers from the monthly low it touched near $4,400 at the weekly opening but remains in negative territory below $4,800.The precious metal continues its downtrend after reaching historic highs last week asKevin Warsh’s nomination as the nextFedchair easesconcerns over the US central bank’s independence, bolstering the US Dollar recovery. US ISM PMI Manufacturing PMI data is awaited.