Daily Market Report
➢ Gold extends gains as the US-Iran ceasefire holds, with Trump touting plans to reopen the Strait of Hormuz this week.
➢ Trump declared Iran has agreed to never pursue a nuclear weapon, reinforcing the broader peace framework.
➢ Gold moved higher as easing Fed rate-hike fears added to the bullish momentum from the ceasefire.
➢ Silver edges lower below $70.00, holding a bearish bias under its 100-day SMA despite earlier reclaiming the 200-day SMA on a double-bottom pattern.
➢ The USD Index holds onto Monday’s gains near 99.70 as traders await the Fed’s policy decision.
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