Daily Market Report
➢ Gold price slips below $3,300 after failing to hold gains from the Asian session, pressured by
continued USD strength.
➢ Stronger US economic data has boosted the US Dollar for a second consecutive day, denting
demand for gold.
➢ Positive risk sentiment weighs on safe-haven assets like gold, adding to the downside pressure.
➢ US fiscal concerns and geopolitical uncertainty, including unresolved trade tariff issues, offer
some support to gold prices.
➢ Fed Rate Cut expectations for 2025 act as a tailwind for gold, capping further losses.
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