Daily Market Report
➢ Gold (XAU/USD) faces renewed selling pressure on Tuesday, retracing a significant portion of the previous day’s rebound from tariff-driven volatility.
➢ The precious metal trades below its monthly peak but remain supported above the $5,150 level during the European session, indicating limited follow-through selling.
➢ A modest recovery in the US Dollar (USD), backed by the Federal Reserve’s relatively hawkish stance, exerts downward pressure on the non-yielding assets.
➢ Minutes from the January FOMC meeting revealed that several policymakers prefer to hold off on further rate cuts until disinflation progress is clearly re-established.
➢ Fed Governor Christopher Waller suggested rates could remain unchanged in March if upcoming labor market data signals improved economic stability.
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