Daily Market Report
➢ Gold edges up as USD strength fades after hot US PPI data.
➢ US PPI exceeds forecasts, dampening chances of a big Fed rate cut in September.
➢ Fed cut expectations remain high, with 90% odds for a September cut.
➢ Risk-on market sentiment limits gold’s safe-haven appeal.
➢ Trump–Putin summit optimism reduces geopolitical fear, capping gold gains.
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