Daily Market Report
➢Gold (XAU/USD) maintains a modest bullish tone, climbing toward the $4,465 area during the European session.
➢ The recent dip in the US Dollar is providing short-term support and helping Gold recover from earlier losses.
➢ Donald Trump’s decision to delay potential strikes on Iran has reduced immediate geopolitical pressure, weighing on the USD.
➢ The extension of the Strait of Hormuz reopening deadline until April 6 has eased market fears temporarily, supporting Gold prices.
➢ Despite the rebound, Gold’s upside momentum remains limited as traders stay cautious about the broader macro outlook.
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