Daily Market Report
➢ Gold prices retreat after an early Asian session uptick to the $3,250 level, now trading near the
lower end of the daily range.
➢ Rising US Treasury yields—driven by a surprise US credit rating downgrade—apply pressure
on the non-yielding yellow metal.
➢ Positive sentiment around US-China trade truce and potential new trade deals limit gold’s
safe-haven appeal.
➢ Safe-haven demand revives on lingering geopolitical tensions and reaffirmed US tariff threats
by Treasury Secretary Scott Bessent.
➢ Fed rate cut bets for 2025 keep the US Dollar under pressure, offering some support to gold
prices.
….Click below View button for more info…
