Daily Market Report
➢ Gold hits a fresh all-time high at $4,380, before easing slightly to trade around $4,355.
➢ The metal remains on course for a ninth straight weekly gain, driven by safe-haven inflows.
➢ Persistent US-China trade tensions and global uncertainty continue to lift demand for Gold.
➢ US government shutdown and political gridlock weigh on risk sentiment and the USD.
➢ Fed rate cut bets firm up, with markets fully pricing in 25 bps cuts in both October and
December.
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