Daily Market Report
➢ Gold (XAU/USD) extends its rally for the fourth consecutive day, holding near a monthly high above the $5,150 level.
➢ Renewed global trade tensions boost safe-haven demand after US President Donald Trump announced a new tariff framework imposing a 15% levy on certain imports.
➢ Concerns over potential retaliatory measures and disruptions to global supply chains weigh on overall market risk sentiment.
➢ Rising geopolitical tensions in the Middle East further support the precious metal’s appeal as a defensive asset.
➢ Speculation about a possible military confrontation between the US and Iran adds to flight-to-safety flows into Gold.
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