Daily Market Report
➢ Gold Faces Pressure as Fed Rate Cut Expectations Shift from July to September Despite Softer
US CPI Data.
➢ Gold sticks to intraday bearish bias amid trade optimism; holds comfortably above $3,200.
➢ US CPI Cools to 0.2% MoM, 2.3% YoY in April, Missing Market Forecasts.
➢ Markets Now Price In Only 50 bps Fed Rate Cuts for 2025; September Cut Odds at 50%.
➢ Global Risk Sentiment Improves with New US-UK Trade Deal and US-China Tariff Truce.
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