Daily Market Report
➢ Gold surged to $4,285, its highest level in seven weeks.
➢ The Fed cut rates by 25 bps, weakening the US Dollar.
➢ Lower rates reduce the opportunity cost of holding Gold.
➢ US jobless claims jumped to 236K, signalling labor market weakness.
➢ Soft labor data increased expectations of more Fed easing in 2026.
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