Daily Market Report
➢ Gold (XAU/USD) slipped to around $4,210 in early Asian trade due to profit-taking.
➢ Traders are cautious ahead of key US data this week.
➢ Focus remains on US ADP Employment Change and ISM Services PMI.
➢ Markets are pricing in an 88.1% chance of a 25 bps rate cut by the Federal Reserve in
December.
➢ Lower interest rate expectations continue to support gold prices.
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