Daily Market Report
➢ Gold prices decline for the fourth consecutive session, weighed down by easing safe-haven
demand and a stronger US Dollar.
➢ US court blocks tariffs, denting safe-haven appeal and dragging XAU/USD lower despite early
intraday recovery from $3,245 levels.
➢ Hawkish FOMC Minutes boost the USD, reinforcing expectations of delayed Fed rate cuts and
pressuring non-yielding assets like gold.
➢ Geopolitical tensions and US fiscal concerns limit the downside, keeping some support under
gold amid overall risk caution.
➢ Fed rate cut expectations for 2025 act as a cushion, helping gold trim intraday losses despite
bearish momentum.
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