Daily Market Report
➢ Gold (XAU/USD) trades lower near $4,170 in early Asian trading on Tuesday.
➢ Decline driven by expectations Fed may deliver a hawkish tone despite anticipated rate cut.
➢ Markets assign a 89.4% probability to a 25 bps Fed rate cut at the December FOMC meeting.
➢ Traders await the Fed press conference and updated dot-plot for additional policy clues.
➢ A “hawkish cut” could strengthen the USD and weigh on Gold prices.
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