Daily Market Report
➢ Gold remains under pressure, trading below the key $4,000 level during Tuesday’s Asian session.
➢ The US Dollar (USD) continues to strengthen for the fifth consecutive day, reaching its highest
level since early August.
➢ The Fed’s hawkish stance — signaling higher-for-longer interest rates — is supporting USD
demand and weighing on gold prices.
➢ Gold’s lack of yield makes it less attractive compared to USD assets amid rising rate
expectations.
➢ Positive risk sentiment in global financial markets is reducing demand for safe-haven assets like
gold.
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