Daily Market Report
➢ Gold prices rebounded above $4,200 during Friday’s Asian session, recovering from a brief pullback and moving close to a three-week high.
➢ US economic concerns and a prolonged government shutdown are weighing on the US Dollar, helping boost demand for gold.
➢ Investors expect that weaker economic momentum could push the Federal Reserve toward further interest-rate cuts, pressuring the USD.
➢ Risk-off sentiment is visible across global equity markets, increasing safe-haven demand for gold.
➢ Despite this, several Fed officials have recently signaled caution about additional easing due to limited economic data during the shutdown.
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