Daily Market Report
➢ Gold (XAU/USD) extends losses for a second straight day, briefly falling to a one-week low near $4,858 before rebounding toward $4,900 in the European session.
➢ A stronger US Dollar (USD), holding onto overnight gains, weighs on the non-yielding precious metal.
➢ The prevailing risk-on sentiment in global equity markets reduces safe-haven demand for Gold.
➢ Traders remain cautious ahead of the FOMC Minutes release, seeking clarity on the Federal Reserve’s rate-cut outlook.
➢ Market expectations currently favor a June rate cut, with more than two total cuts priced in for this year.
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