Daily Market Report
➢ Gold (XAU/USD) extends gains in Friday’s Asian session, rebounding from the $3,500 support and
staying near record highs.
➢ Market bets on at least two Fed rate cuts (25 bps each) by year-end, beginning September, keep
the USD under pressure.
➢ Trade-related uncertainties, including tariff disputes, reinforce safe-haven demand for Gold.
➢ Positive equity market sentiment and overbought technical conditions may cap further upside.
➢ Traders await the US NFP report for fresh guidance on Fed’s rate path and USD direction.
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