Daily Market Report
➢ Gold (XAU/USD) is trading slightly lower for the second consecutive day, hovering near $5,125 without strong follow-through selling.
➢ Rising crude oil prices are increasing inflation concerns, which is putting pressure on gold prices.
➢ Higher inflation expectations are pushing US Treasury bond yields higher, making non-yielding assets like gold less attractive.
➢ The stronger US Dollar (USD), supported by rising yields, is also weighing on gold demand.
➢ The US Consumer Price Index (CPI) for February rose 0.2% month-on-month, while the annual rate remained at 3.1%, indicating inflation is still persistent.
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