Daily Market Report
➢ Gold trades near $4,205 in early Asian hours after the Fed’s expected 25 bps rate cut.
➢ The Fed reduced rates to 3.50% – 3.75%, the lowest level in three years.
➢ Powell signaled the Fed needs more time to assess the impact of recent cuts.
➢ Fed maintained guidance for only one rate cut in 2026, seen as hawkish.
➢ Lower rates support Gold by reducing the opportunity cost of holding non-yielding assets.
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