Daily Market Report
➢ Gold hits record highs, surpassing $3,870 amid strong safe-haven demand.
➢ Geopolitical risks escalate, including Russia-Ukraine tensions and the Gaza conflict,
boosting bullion.
➢ US government shutdown fears resurface after failed budget talks, further lifting Gold
demand.
➢ Fed rate cut bets surge, with markets pricing in a 25 bps cut in October (90% chance).
➢ US Dollar remains weak due to dovish Fed outlook, aiding non-yielding Gold.
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