Daily Market Report
➢ Gold rebounds: XAU/USD rises for the second consecutive day, recovering from a two-month low.
➢ Price approaches $4,200: Gold reaches a fresh weekly high near the $4,200 level during the Asian session.
➢ US Dollar weakens: The USD retreats from its April 2025 highs, supporting gold prices.
➢ US bond yields decline: Lower Treasury yields following a successful 30-year bond auction put pressure on the dollar and help gold recover.
➢ US–Iran tensions: Discussions between the US and Iran temporarily reduce expectations of renewed military strikes, easing some oil-price and inflation concerns.
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