Dollar Rallies and Gold Slumps on US Price Pressures and Hawkish Fedspeak

The dollar index (DXY00 ) rallied to a 1.5-week high on Tuesday and finished up by +0.60%. The dollar moved higher Tuesday after T-note yields jumped when US Oct CPI rose more than expected, a hawkish factor for Fed policy. Gains in the dollar accelerated Tuesday on hawkish comments from...