Daily Morning Analysis Report – Wednesday – 02/07/2025

Daily Market Report

Gold prices climb to around $3,350 as traders seek safety amid US fiscal concerns and political

pressure on the Federal Reserve.

Fed Chair Jerome Powell maintains a data-dependent approach at the ECB Forum, signaling that

rate decisions will be made “meeting by meeting.”

Stronger-than-expected US data, including ISM Manufacturing PMI (49 vs expected 48.8) and

JOLTS job openings (7.769 million vs 7.3 million), limits US Dollar losses.

President Trump criticizes Powell sharply on Truth Social and via a handwritten letter, fueling

concerns over Fed independence and future policy direction.

Speculation of a September rate cut grows, as Powell resists immediate easing despite mounting

political pressure and market expectations.

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