Daily Market Report
➢ Gold (XAU/USD) extended its gains for the third consecutive day, reaching a two-and-a-half-week high near $4,145–$4,149 during the Asian session on Tuesday.
➢ The metal continues to build on bullish momentum after breaking above the $4,100 resistance level.
➢ Concerns over the prolonged US government shutdown are driving safe-haven demand for Gold.
➢ Expectations of another Fed rate cut in December further support the non-yielding precious metal.
➢ A Senate compromise to reopen the government has lifted overall market sentiment but hasn’t capped Gold’s upside.
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