Daily Market Report
➢ Gold Rebounds from Lows: Gold bounced from a weekly low near $3,302 despite easing safe-haven
demand, supported by investor repositioning ahead of the Fed meeting and US GDP data.
➢ DXY and Yields Rise: The US Dollar Index surged nearly 1% to 98.64, while the 10-year Treasury yield
rose to 4.41%, pressuring gold prices.
➢ Trade Deal Impacts Market: A new US-EU trade agreement cut tariffs from 30% to 15%, boosting market
sentiment but favoring the US, drawing criticism from European leaders.
➢ Limited Optimism from Trade Deal: Despite easing trade tensions, the US-EU deal failed to generate broad
optimism, with Asian markets mostly declining on Tuesday.
➢ Wall Street Hits Record Highs: S&P 500 and Nasdaq closed at new highs on Monday, while US futures
traded steady in Asia.
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