Daily Market Report
➢ Gold consolidates below record high near $4,600 as markets await key US CPI data
➢ US inflation data is the main near-term trigger, shaping Fed rate-cut expectations and USD direction
➢ Positive equity market sentiment caps gains, limiting safe haven demand short term
➢ Concerns over Fed independence (Trump-linked probe into Chair Powell) weigh on the USD and support gold
➢ Heightened geopolitical risks (Iran unrest, Venezuela, Greenland issue, Russia–Ukraine war) boost safe-haven flows
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