Daily Market Report
➢ Gold price slipped to $3,365, down 0.22% in early Monday’s Asian session.
➢ A stronger US Dollar is pressuring Gold prices.
➢ Fed Chair Powell hinted at a possible rate cut in September at Jackson Hole.
➢ Traders now see an 85% chance of a 25 bps rate cut, up from 75%.
➢ Lower interest rates typically support Gold as they reduce holding costs.
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