Daily Market Report
➢ Gold prices eased as traders engaged in profit-taking ahead of next week’s Fed meeting.
➢ Despite minor losses, Gold remains up nearly 60% year-to-date.
➢ Markets price in 87% probability of a 25 bps Fed rate cut on Dec 10.
➢ US ADP data showed private payrolls fell by 32K, signaling cooling labor demand.
➢ ISM Services PMI showed mild expansion but hinted at underlying softness.
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