Daily Market Report
➢ Gold heads for a weekly loss as investors unwind the inflation-fuelled rally, with profit-taking dragging prices back toward $4,300 support.
➢ Softer US CPI and PPI data eased Fed rate hike odds, weakening the USD below 100.00 but failing to prevent gold’s pullback.
➢ Gold falls despite softer-than-expected US wholesale price data, as Iran risks and profit-taking override the disinflationary signals.
➢ Silver extends its correction as energy supply concerns remain intact, keeping pressure on the metal despite the softer inflation backdrop.
➢ WTI remains below $80.50 as traders monitor diplomatic efforts to reopen the Strait of Hormuz, with no breakthrough yet.
….Click below View button for more info…
