Daily Market Report
➢ Gold hits 3-week low as the US Dollar strengthens for the third straight day.
➢ Lower chances of a jumbo Fed rate cut in September boost USD and weigh on gold.
➢ Hot US PPI data signals rising inflation, reducing expectations for aggressive rate cuts.
➢ Russia-Ukraine peace talks gain momentum, reducing demand for safe-haven gold.
➢ Plans underway for a Putin-Zelensky meeting, supported by Trump and the White House.
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