Daily Market Report
➢ Gold (XAU/USD) posted modest gains during the Asian session on Friday, snapping a two-day losing streak.
➢ The precious metal is struggling to attract strong follow-through buying despite the initial rebound.
➢ Safe-haven demand increased due to the escalation of conflicts in the Middle East, encouraging dipbuyers.
➢ Iran’s new supreme leader Mojtaba Khamenei warned that US military bases in the region should close or face attacks.
➢ Donald Trump stated that stopping Iran is more important than oil prices, reinforcing geopolitical tensions.
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