Daily Market Report
➢ Gold retakes $4,400 and eyes a two-month high as traders look to today’s US CPI data for Fed rate hike cues.
➢ Silver rises to near $65.40 with US inflation firmly in focus, tracking gold’s cautious upside ahead of the data.
➢ The USD rises to near 100.00 ahead of the inflation print, with bulls positioning for a potentially hot CPI reading.
➢ WTI advances above $82.50 as mixed signals over a potential US-Iran deal keep oil supply uncertainty elevated.
➢ US yields ease as CPI caution offsets the oil rally, reflecting the market’s uncertainty over today’s inflation outcome.
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