Daily Market Report
➢ Gold fell to a two-month low, with sellers now watching the important $4,100 support level.
➢ Strong US Dollar (USD) remains the main pressure on gold, as the USD stays near its highest level since April 2025.
➢ US bond yields remain elevated, making non-yielding gold less attractive to investors.
➢ Markets still expect more Fed rate hikes, with over an 85% probability of another hike by year-end.
➢ Recent US data showed softer payrolls and moderating inflation, but the overall US labor market remains relatively resilient.
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