Daily Market Report
➢ Gold (XAU/USD) pulls back from its record high above $3,700, now trading near $3,680 during
Wednesday’s Asian session.
➢ The US Dollar recovers modestly from a 1.5-month low as traders reposition ahead of the Fed’s
policy decision.
➢ Profit-taking sets in for Gold after a three-day winning streak and blowout rally to all-time highs.
➢ US Retail Sales rose 0.6% in August, the third consecutive monthly gain, showing consumer
resilience.
➢ Despite strong data, markets are fully pricing a 25 bps Fed rate cut at the end of the two-day
FOMC meeting.
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