Daily Market Report
➢ Gold Price Rebound: Gold (XAU/USD) edged higher in early European trading on Monday,
recovering some recent losses.
➢ Rate Cut Expectations: Optimism over new US trade deals raised the likelihood of earlier
and more frequent Fed rate cuts, weakening the USD and boosting gold.
➢ Improved Risk Sentiment: Positive developments like the US-China trade agreement and
the Israel-Iran ceasefire reduced safe-haven demand for gold.
➢ Upcoming Fed Speeches: Traders are awaiting comments from Atlanta Fed President
Bostic and Chicago Fed President Goolsbee later Monday for further market direction.
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