Daily Market Report
➢ Gold trades near a two-week high, supported by rising expectations of a December Fed rate cut.
➢ Softer US inflation data and dovish remarks from multiple Fed officials increase the likelihood of further policy easing.
➢ The US Dollar drops to a one-week low, helping boost the non-yielding yellow metal.
➢ Despite gold’s gains, a positive risk tone in global markets limits aggressive safe haven buying.
➢ Hopes for a Russia-Ukraine peace framework add to improved market sentiment and partially cap gold’s upside.
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