Daily Market Report
➢ Gold price hovers around $3,365, supported by weaker USD and Fed rate cut expectations.
➢ Risk-on mood and rally in global equities limit aggressive gold buying.
➢ US CPI and NFP data point to soft inflation and labor market, fueling rate cut bets.
➢ FedWatch Tool shows a near-certainty of a 25 bps rate cut in September.
➢ Two Fed cuts are now widely expected by year-end, weakening USD support.
….Click below View button for more info…