Daily Market Report
➢ Gold price builds on its goodish intraday move higher as geopolitical risks revive safehaven
demand.
➢ The optimism over the US-UK trade deal and the US-China negotiations might cap the
precious metal.
➢ The USD sits near a multi-week high amid the Fed’s hawkish pause and warrants caution
for bulls
➢ Gold price touches fresh daily high around $3,330 area; easing trade tensions might cap gains.
➢ Russia and Ukraine both reported attacks on their forces on the first day of a three-day
unilateral ceasefire called by Russian President Vladimir Putin.
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