Daily Market Report
➢ Gold rebounds near record high $4,639.64, trading around $4,620
➢ Fed rate-cut bets rise after softer US inflation, boosting precious metals
➢ Markets price 2–3 Fed rate cuts in 2025, above Fed’s 1-cut projection
➢ US Dollar Index (DXY) slips to ~99.10, supporting dollar-denominated Gold
➢ Core CPI (Dec): +0.2% MoM, 2.6% YoY (4-year low, below expectations)
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