Daily Market Report
➢ Gold Gains on Safe-Haven Demand: Persistent trade-related uncertainties, especially over US tariffs
and Trump’s erratic policies, continue to support gold as a safe-haven asset.
➢ USD Pressured by Mixed Fed Signals: The US Dollar remains defensive amid conflicting views on
interest rate cuts, benefiting gold prices.
➢ Range-Bound Price Action: Despite recent gains, gold remains trapped within a multi-week trading
range, lacking strong bullish conviction.
➢ Fed Rate Cut Expectations Mixed: While Fed Governor Waller supports a July cut, broader market
consensus sees the Fed waiting until September, capping gold’s upside.
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