Daily Market Report
➢ Gold (XAU/USD) slid toward $4,600 in early Asian trading on Friday.
➢ Stronger-than-expected US Initial Jobless Claims supported the US Dollar.
➢ Jobless claims fell to 198K, well below the 215K forecast.
➢ Lower claims reinforced expectations that the Fed will keep rates on hold.
➢ Fed funds futures now price the next rate cut around June.
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