Daily Market Report
➢ Gold (XAU/USD) extends gains for the second consecutive day, pushing beyond the $5,200 level and eyeing the monthly peak.
➢ Strong safe-haven demand continues to support bullion amid rising global uncertainty.
➢ Trade tensions linked to Donald Trump’s tariff policies are keeping investors cautious.
➢ The US administration invoked Section 122 of the Tariff Act of 1974, initially imposing a 10% tariff, with discussions underway to raise it to 15%.
➢ Ongoing uncertainty about the duration and scale of tariffs is fueling market volatility and boosting gold demand.
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