Daily Market Report
➢ Gold jumps to $3,350 after a weaker-than-expected July NFP report.
➢ US adds only 73K jobs, missing the 110K forecast, triggering a USD sell-off.
➢ Rate cut expectations spike, with markets now pricing in an 82% chance of a September Fed
cut.
➢ Gold rallies nearly 2%, recovering from earlier pressure near $3,300.
➢ Trump’s new tariff order revives trade tensions, helping limit Gold’s downside.
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