Daily Market Report
➢ Gold attracts dip-buyers as the US Dollar pulls back modestly from a multi-week high amid
pre-CPI repositioning, offering short-term support to XAU/USD.
➢ Trade-related uncertainties, including ongoing tariff threats, continue to boost safe-haven
demand for gold despite broader market optimism.
➢ US CPI data due Tuesday is in focus; expectations are for a 2.7% YoY headline and 3.0% core
inflation. A softer print may renew Fed rate cut bets and lift gold.
➢ Fed rate cut probability stands at 60% for September, with markets pricing in at least 50 basis
points of easing by year-end.
➢ Stronger inflation readings might have a muted impact on gold due to lingering concerns over
trade tensions and import tariffs.
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