Daily Market Report
➢ Gold is set for a weekly loss as persistent inflation and rate-hike fears continue to weigh on sentiment.
➢ Trump signalled de-escalation, saying an Iran agreement is “in final shape,” though uncertainty around the deal still pressures gold.
➢ US forces intercepted Iranian drones targeting shipping in the Hormuz, keeping regional tensions simmering despite easing rhetoric.
➢ The USD gained ground above 99.50 as hot US PPI data and lingering Middle East tensions fuelled demand.
➢ Silver slipped to near $67.00 as Middle East tensions flared, after earlier rallying from a $61.50 low but remaining bearish.
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