Daily Market Report
➢ Gold slides further as Israel-Iran ceasefire news lifts global risk sentiment, reducing
demand for safe-haven assets.
➢ Dovish Fed remarks and soft US PMI data increase July rate cut expectations, weakening
the USD and offering some support to gold.
➢ Gold trades near a two-week low, though persistent USD weakness limits deeper losses
for now.
➢ Mixed market signals persist as Iran warns of retaliation if Israeli aggression doesn’t stop,
capping optimism from the ceasefire.
➢ US Dollar under pressure for a second day due to fiscal worries and ongoing trade policy
uncertainty under Trump’s administration.
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