Daily Market Report
➢ Gold starts the week softer as bulls turn cautious amid optimism around US-EU trade relations,
following President Trump’s tariff delay.
➢ US Dollar weakens to a fresh monthly low on concerns over fiscal health and expectations of
further Fed rate cuts in 2025, indirectly supporting gold.
➢ Last week’s rally (~5%) has led to some profit-taking, though downside remains limited due to
strong underlying fundamentals.
➢ Geopolitical tensions, including the Russia-Ukraine war and Middle East conflicts, continue to
act as a floor for gold prices.
➢ No strong selling pressure yet, suggesting recent gains might still hold unless confirmed by
follow-through downside action.
….Click below View button for more info…