Daily Market Report
➢ Gold pulls back from all-time high (~$4,060) as Israel-Hamas peace deal reduces geopolitical
tension.
➢ Profit-taking by bullish traders contributes to Thursday’s price dip.
➢ Overbought conditions also support the correction in gold prices.
➢ Dovish Fed expectations continue to offer underlying support to gold.
➢ Markets price in two potential Fed rate cuts by year-end (October: 93%, December: 79%).
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