Daily Market Report
➢ Gold fell below $4,050, trading near $3,985 in early Asian trading.
➢ Stronger US PCE inflation reinforced expectations of a Fed rate hike.
➢ Core PCE inflation rose to 3.4% YoY, the highest since October 2023.
➢ Headline PCE inflation increased to 4.1% YoY, matching market forecasts.
➢ Higher interest rate expectations reduced Gold’s appeal as a non-yielding asset.
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