Daily Market Report
➢ Gold hit a fresh all-time high during the Asian session on Wednesday.
➢ Uptrend supported by rate cut expectations and safe-haven demand.
➢ Gold is up 45% YTD and 11% in September, marking the biggest monthly gain since August
2011.
➢ US government shutdown risk boosts demand for gold as a safe-haven asset.
➢ Fed rate cut bets remain strong, with 95% chance priced in for October, 75% for December.
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