Daily Market Report
➢ Gold advances to a fresh high since June, heading for its third straight weekly gain as renewed USD selling and fading Fed hike bets drive momentum.
➢ Silver surges to near $69.00 amid heightened volatility, tracking gold’s rally as precious metals broadly strengthen.
➢ The USD hangs near a three-month low around 99.70, pressured by Treasury buybacks and shifting Fed rate expectations.
➢ Truist upgraded gold to “neutral” as real yields stabilize and the dollar weakens, signalling growing institutional confidence in bullion.
➢ WTI consolidates around $86.00 as the US-Iran impasse keeps supply risks alive, with bulls remaining intact despite no resolution.
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