Daily Market Report
➢ Gold stabilizes after hitting a two-month low, as Israel-Iran ceasefire hopes to offset persistent Fed rate hike pressure.
➢ Gold broke below its 200-day moving average, signalling the near-term outlook remains bearish.
➢ Silver inches lower to near $68.00, still weighed down by rising Fed rate hike bets.
➢ Iran and Israel agreed to halt strikes, pulling the USD lower as safe-haven demand fades.
➢ Netanyahu warned the war with Iran and Hezbollah isn’t over, keeping markets on edge despite the ceasefire.
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