Daily Market Report
➢ Gold faces selling pressure after rebounding from the $3,820 region, struggling to hold gains near
$3,900 (all-time high).
➢ Positive risk sentiment in global equity markets weighs on demand for safe-haven assets like gold.
➢ US Dollar strengthens, recovering from a one-week low, putting additional pressure on XAU/USD.
➢ Partial US government shutdown has had limited market impact, with traders largely ignoring
economic concerns.
➢ Wall Street’s record highs spill over into Asian markets, further reducing safe-haven demand.
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