Daily Market Report
➢ Gold (XAU/USD) rebounded on Friday after dipping to a four-day low near the mid-$4,650 during the Asian session.
➢ Improving risk sentiment triggered renewed safe-haven demand, supporting a bounce in gold prices.
➢ Expectations for multiple US Federal Reserve rate cuts in 2026 continue to benefit the non-yielding yellow metal.
➢ Recent US labor market data has strengthened dovish Fed bets, adding further support to gold.
➢ Asian equity markets extended losses amid a tech-led global selloff, boosting demand for safe-haven assets.
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