Daily Market Report
➢ Gold (XAU/USD) extends its recovery and climbs toward the $4,600 level, rebounding strongly from the $4,100 region.
➢ The upward move is supported by follow-through buying, as investors grow optimistic about a potential US–Iran ceasefire, reducing the need for aggressive central bank rate hikes.
➢ Diplomatic reports تشير to a proposed one-month ceasefire, aimed at creating space for negotiations and possibly ending the ongoing conflict.
➢ Donald Trump contributed to easing tensions by delaying planned strikes on Iran’s energy infrastructure, signaling openness to indirect talks.
➢ Additional optimism came after statements suggesting Iran offered a goodwill gesture related to energy flows, particularly around the Strait of Hormuz.
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