Daily Market Report
➢ Gold Gains for Second Day: Gold price (XAU/USD) rises for the second straight session,
recovering from a one-and-a-half-week low near $3,283 amid safe-haven demand.
➢ Trade Jitters Support Gold: Market concerns over US President Trump’s new round of
aggressive trade tariffs boost demand for safe-haven assets like gold.
➢ USD Weakens Amid Lower Yields: A strong US 10-year debt auction and increased
expectations of Fed rate cuts lead to a drop in US Treasury yields and weigh on the US Dollar.
➢ Fed Minutes Reveal Division: June FOMC minutes show policymakers are divided—some see
no need for cuts, while others worry about inflation due to tariffs.
➢ Positive US Jobs Data Limits Rate Cut Bets: Strong US employment figures reduce the
likelihood of multiple Fed rate cuts in the near term, capping aggressive bullish bets on gold.
….Click below View button for more info…
