Daily Market Report
• Gold up for first time in 3 days.
• Safe-haven demand returns as US-China trade resolution hopes fade (per Treasury Sec.
Bessent).
• Fed rate cut bets and USD weakness lend support to gold.
• Bessent denies unilateral tariff cuts, urges mutual action before talks begin.
• Fed Beige Book: Uncertainty from Trump’s tariff policy threatens US growth; labor market cooling.
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