Daily Market Report
➢ Gold holds near $3,338/oz, showing modest gains but limited momentum.
➢ Dip-buying seen after prices hit a two-week low on Monday.
➢ Reduced chances of a 50 bps Fed cut strengthen USD, limiting Gold upside.
➢ Markets still price in 85% chance of a September Fed rate cut.
➢ Hot US PPI and rising inflation support a hawkish Fed outlook.
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