Daily Market Report
➢ Gold (XAU/USD) retreats slightly after hitting a fresh all-time high near $3,689–3,690 during the
Asian session on Tuesday.
➢ The pullback reflects profit-taking and cautious positioning ahead of key central bank meetings.
➢ The Fed is expected to cut rates by 25 bps on Wednesday amid a softening US job market.
➢ Traders expect the Fed to deliver three rate cuts in 2025, per CME Fed Watch Tool.
➢ Focus will be on Powell’s guidance and updated Fed projections for the path of policy easing.
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