Daily Market Report
➢ Gold steadies near $3,960 as traders reposition ahead of the Fed decision.
➢ Gold (XAU/USD) recovers modestly from a three-week low near $3886 amid cautious trading.
➢ Traders remain on the sidelines ahead of the FOMC rate decision later today.
➢ Fed is widely expected to cut rates by 25 bps, with markets eyeing hints of another cut in
December.
➢ US-China trade optimism limits safe-haven demand for gold, capping upside momentum.
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