Daily Market Report
➢ Gold (XAU/USD) falls below $3,300 during European session, reversing gains.
➢ Easing US-China tensions support equities, reduce gold’s safe-haven appeal.
➢ China may suspend 125% tariffs on US imports; Trump confirms trade talks.
➢ USD strengthens slightly on upbeat US macro data:
o Initial Jobless Claims: 222K (steady labor market).
o Durable Goods Orders: +9.2% in March (vs. +2% forecast).
➢ Markets expect 3 Fed rate cuts in 2025.
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