Daily Market Report
➢ Gold (XAU/USD) edges lower in the Asian session, snapping a two-day winning streak but holding the key $5,000 psychological level.
➢ A positive risk-on sentiment weighs on safe-haven demand after Japan’s snap election outcome reduced political uncertainty.
➢ Easing Middle East tensions, following constructive US–Iran nuclear talks, further dampen demand for defensive assets like Gold.
➢ US and Iran agreed to continue diplomacy, with officials from both sides describing the talks as productive and positive.
➢ Despite the pullback, downside in Gold remains limited due to expectations of Fed rate cuts and a softer US Dollar.
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