Daily Market Report
➢ Gold halts a four-day losing streak, stabilizing near the $3,960 level in early Asian trading.
➢ U.S. cuts overall tariffs on Chinese goods to 47% (from 57%) after the South Korea summit,
signaling a step toward easing trade tensions.
➢ Fentanyl-linked tariffs reduced from 20% to 10%, following China’s pledge to curb exports of
precursor chemicals used in the drug’s production.
➢ Spot Gold trades around $3,975, up 1.0%Today, while U.S. futures slip to $3,950.70 per oz.
➢ Central bank buying and renewed ETF inflows continue to support physical demand for the
metal.
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