Daily Market Report
➢ Gold falls for the second day, pressured by stronger USD and fading aggressive Fed rate cut
bets.
➢ USD climbs to highest since August 5, supported by hawkish Fed sentiment.
➢ Cautious market mood persists, offering no safe-haven support to gold.
➢ Traders await Powell’s Jackson Hole speech for clarity on rate-cut path.
➢ Hot US PPI data signals inflation momentum, reducing expectations for deep rate cuts.
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