Daily Market Report
➢ Gold Price Drop: XAU/USD falls to around $3,300, nearing a one-week low.
➢ Risk Sentiment: US-China trade optimism weakens safe-haven demand for gold.
➢ US Dollar Strength: Strong NFP data boosts USD, adding pressure on gold.
➢ Fed Outlook: Markets still expect Fed rate cuts in 2025, capping USD gains.
➢ Geopolitical Risks: Russia-Ukraine war and Middle East tensions support gold.
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