Daily Market Report
➢ Gold holds near record highs after a minor dip, supported by ongoing market factors.
➢ Fed rate cut bets increase following weak US ADP jobs data, pressuring the USD.
➢ Overbought conditions limit fresh bullish momentum for XAU/USD.
➢ Positive risk sentiment from equity markets acts as a headwind for safe-haven gold.
➢ Geopolitical tensions, including US-Ukraine-Russia dynamics, support gold prices.
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