Daily Market Report
➢ Gold prices start the week weaker amid optimism over a potential US-China trade deal.
➢ Easing US recession fears and the Fed’s hawkish pause support the USD, pressuring gold
further.
➢ XAU/USD bears remain cautious, awaiting more details on the US-China agreement before
deeper selling.
➢ Gold struggles near a one-week low as markets await the US-China joint statement.
➢ The Fed’s recent hawkish pause strengthens the USD near multi-week highs, adding to
gold’s downside pressure.
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