Daily Market Report
➢ Gold falls for third straight day, drops below $3,300 from recent high above $3,400.
➢ Losses limited due to weak US Dollar and geopolitical tensions.
➢ US-China trade talks in London today keep investors cautious.
➢ Fed rate cut expectations reduced after strong US jobs data:
• May NFP: +139K jobs (vs. 130K expected)
• May NFP: +139K jobs (vs. 130K expected)
• Unemployment: 4.2% (unchanged)
• Unemployment: 4.2% (unchanged)
➢ US bond yields remain elevated, pressuring Gold.
➢ Geopolitical risks support Gold as a safe-haven.
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