Daily Market Report
➢ Gold (XAU/USD) rebounded strongly from sub-$4,800 levels and climbed back above $4,900, recovering most intraday losses.
➢ The bounce was supported by dovish Federal Reserve expectations following signs of US labor market weakness.
➢ Wednesday’s ADP report showed private-sector job gains of just 22K in January, well below expectations.
➢ Markets continue to price in at least two Fed rate cuts this year, helping limit downside pressure on gold.
➢ Ongoing geopolitical uncertainties continue to support gold’s safe-haven appeal despite easing tensions.
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