Daily digest market movers: Gold buyers take a break as the fundamental picture muddles
Increasing geopolitical concerns, with Israel considering an attack in Lebanon, are fuelling the safe-haven US Dollar and weighing on Gold.
US benchmark 10-year Treasury yields are trading lower on the back of increasing hopes that the Fed will start cutting rates in September.
The CME Group’s Fed Watch tool is pricing a 95% chance that the Fed will keep rates on hold on Wednesday and a 100% chance of rate cuts in September.
On Tuesday, the Conference Board is expected to show that the Consumer Sentiment Index declined to 99.5 from 100.4 in the previous month.
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