Daily Market Report
➢ Gold slips to $4,116/oz, down 0.2% on Friday and 3% for the week — set to snap a nine-week
winning streak.
➢ US Dollar strengthens for a third straight session, pressuring gold and other commodities.
➢ Traders trim positions ahead of the US September CPI data due later today.
➢ US CPI expected at 3.1% YoY, up from 2.9%; core CPI also seen steady at 3.1%.
➢ Stronger CPI could bolster USD and limit the Fed’s room for additional rate cuts.
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