Daily Market Report
➢ Gold fell to a seven-month low, dropping below the key $4,000 level.
➢ XAU/USD traded near $3,960 during Thursday’s Asian session.
➢ Rising expectations of Fed rate hikes increased selling pressure on gold.
➢ Gold extended losses for a third consecutive trading day.
➢ September hike expectations climbed to 67.9%, according to CME FedWatch.
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