Daily Market Report
➢ Gold (XAU/USD) extends its decline below the $3,950 mark, hitting a fresh two-week low near
$3,945 as bearish momentum persists.
➢ US-China trade optimism weighs on safe-haven demand as both nations agree on a trade
deal framework.
➢ Fed expected to cut rates by 25 bps at its two-day meeting ending Wednesday.
➢ Markets pricing in 97% chance of another rate cut in December, supporting gold prices.
➢ US Dollar weakens for the second straight day, offering short-term support to bullion.
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