Daily Market Report
➢ Gold trades near $4,210, drifting lower ahead of today’s key Fed decision.
➢ Fed is widely expected to deliver a 25 bps rate cut, the third consecutive cut.
➢ Markets price nearly 87.6% probability of a December cut (CME FedWatch).
➢ Traders expect a hawkish cut, with signals that the Fed may pause afterwards.
➢ Powell is likely to highlight a higher threshold for future rate reductions.
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