Daily Market Report
➢ Gold (XAU/USD) extended its rally for a second straight day, climbing beyond $5,090 amid strong safe-haven demand.
➢ Renewed US–Iran geopolitical tensions, including reports of the US shooting down an Iranian drone, boosted risk aversion.
➢ Investors flocked to traditional safe-haven assets, strongly supporting gold prices.
➢ Expectations of lower US interest rates continue to weigh on the US Dollar, benefiting from non-yielding gold.
➢ Gold has rebounded more than $650 from recent lows near $4,400, marking a sharp recovery.
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