Daily Market Report
➢ Gold (XAU/USD) rebounds strongly during the Asian session, recovering from the weekly low near $4,877–$4,878.
➢ The precious metal climbs back toward the key $5,000 psychological level.
➢ Traders are awaiting the crucial US Consumer Price Index (CPI) report for fresh direction.
➢ The CPI data is expected to influence the Federal Reserve’s policy outlook and near-term USD movement.
➢ A stronger-than-expected US Nonfarm Payrolls (NFP) report earlier reduced expectations of a March Fed rate cut.
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