Daily Market Report
➢ Gold falls below $4,050, sliding toward the $4,030–$4,025 zone during Friday’s European session.
➢ Upbeat US NFP report (119,000 jobs vs. 50,000 expected) reduces expectations for a December Fed rate cut.
➢ Less dovish Fed outlook boosts the US Dollar to its strongest level since late May, pressuring Gold.
➢ US economic concerns—linked to the longest-ever government shutdown—limit aggressive USD buying.
➢ Geopolitical risks, especially the prolonged Russia-Ukraine conflict, keep safe-haven demand alive.
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