Daily Market Report
➢ Gold Price Holds Near Lows: Gold remains weak near $3,320 after four consecutive days of losses,
struggling to attract buyers despite easing U.S. Treasury yields.
➢ Technical Resistance at $3,354 and $3,368: Gold is facing strong resistance at these levels, and a failure to
break above them may keep the metal under pressure in the near term.
➢ USD Strength Capping Gains: A broadly stronger U.S. dollar continues to limit upside for XAU/USD
ahead of key economic data and Fed announcements.
➢ Fed Decision in Focus: Markets await the Federal Reserve’s policy decision, with investors watching closely
for dovish signals or rate cut hints from Chair Powell’s press conference.
➢ Trade Talks and Tariff Truce: U.S.-China officials concluded talks in Stockholm, agreeing to seek an
extension of their 90-day tariff truce, with Trump expected to decide soon.
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