Daily Market Report
➢ Gold jumps in early European trade on Wednesday, extending gains above $4,373/oz.
➢ The rally is driven by expectations of US interest rate cuts in 2026.
➢ Lower rate outlook reduces the opportunity cost of holding non-yielding gold.
➢ Gold is up about 65% so far this year, its strongest annual gain since 1979.
➢ Safe-haven demand remains firm amid rising geopolitical tensions.
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