Daily Market Report
➢ Gold (XAU/USD) starts the week on a weaker note, slipping back below the $5,000 psychological level after Friday’s strong $150 rebound from sub-$4,900 levels.
➢ A modest uptick in the US Dollar (USD) and a generally positive risk tone are pressuring the safe-haven precious metal.
➢ Despite the pullback, downside risks appear limited due to ongoing geopolitical tensions.
➢ Market focus is on the upcoming second round of US–Iran nuclear talks, which are contributing to uncertainty.
➢ The US has deployed a second aircraft carrier to the region, raising concerns about a potential prolonged military campaign if negotiations fail.
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