Daily Market Report
➢ Gold price surges to $3,450 during early Asian trading today, reaching a one-month high.
➢ Safe-haven demand rises amid escalating geopolitical tensions between Israel and Iran.
➢ Israeli attacks on Iranian targets spark fears of broader conflict; Iran vows a firm response
to any military escalation.
➢ Traders price in an 80% chance of a Federal Reserve rate cut in September, up from earlier
expectations of December.
➢ Fed likely to hold rates steady at 4.25–4.50% during its policy meeting this Wednesday.
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