FinancialJuice: Goldman Sachs CEO Solomon: The lens of seeing a rate cut for the rest of the year has gone down materially from whatever it was six months ago.

Goldman Sachs CEO David Solomon has signaled that the chance of a rate cut this year has fallen significantly compared to six months ago, which is likely to strengthen the US dollar over the next few days. A stronger dollar makes gold more expensive for overseas buyers, so gold (XAUUSD) could drop. This also puts pressure on the euro (EURUSD) and pound (GBPUSD) as the dollar gains. If you're watching currencies, keep an eye on EURUSD and GBPUSD in the next few sessions.