Daily Market Report
➢ Gold is under pressure after failing to hold its bounce from the $4,100 area, a two-month low.
➢ USD strength is the main bearish factor, as traders increase demand for the US Dollar.
➢ US bond yields are rising, making non-yielding gold less attractive to investors.
➢ FOMC Minutes are the key event today, with traders looking for clues about future Fed interest-rate decisions.
➢ Markets are pricing around an 85% probability of a December Fed rate hike, according to the article.
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