Daily Market Report
➢ Gold price dips near $3,385 amid modest USD recovery, trimming prior gains.
➢ Fed rate cut bets for 2025 limit USD strength and cushion gold losses.
➢ ADP private jobs: +37K in May (lowest since Mar 2023), revised April: 60K.
➢ ISM Services PMI: 49.9 in May (first contraction since June 2024).
➢ Falling US Treasury yields reinforce expectations of a Fed rate cut in September.
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