Daily Market Report
➢ Gold Rises for Second Day: Gold price (XAU/USD) extends gains for the second consecutive
➢ session, trading near the $3,335 level amid risk-off sentiment and a softer USD.
➢ Trade Jitters Support Gold: Market concerns over US President Donald Trump’s aggressive
trade policies act as a tailwind for the safe-haven metal.
➢ Fed Rate Cut Bets Persist: Expectations of a Federal Reserve rate cut this year continue to
underpin gold, benefiting from lower US bond yields and monetary easing hopes.
➢ FOMC Minutes Mixed: The latest Fed minutes showed limited support for an imminent rate
cut, slightly boosting the USD and capping gold’s upside potential.
➢ Positive Market Sentiment Limits Upside: A generally optimistic tone in equity markets and
dollar strength restrain further gains in gold.
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