Daily Market Report
➢ Gold steadies after Friday’s sharp pullback from record highs, supported by trade tensions
and Fed rate cut expectations.
➢ XAU/USD edges higher at the start of the week amid renewed safe-haven demand.
➢ Trade and geopolitical risks — including the Russia-Ukraine conflict — continue to boost
investor demand for Gold.
➢ US government shutdown, now in its 20th day, raises economic uncertainty and supports
bullion.
➢ Fed rate cut bets remain strong, with markets pricing in two more 25 bps cuts in October and
December.
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