Daily Market Report
➢ Gold prices slipped toward $4,050 in early Asian trading on Wednesday.
➢ Stronger expectations of a Fed rate hike pressured the non-yielding metal.
➢ Higher interest rates increase the appeal of the US Dollar and interest-bearing assets over gold.
➢ The recent US-Iran agreement reduced energy market tensions and eased oil price pressures.
➢ Despite lower oil prices, concerns remain that inflation effects could persist.
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