Daily Market Report
➢ Gold prices declined for the second consecutive day, influenced by multiple factors.
➢ Optimism surrounding the EU tariff delay by President Trump reduced demand for gold as a
safe-haven asset.
➢ A modest rebound in the US Dollar added to the downward pressure on gold prices.
➢ Uncertainty over Trump’s trade policies limits the positive market sentiment.
➢ Concerns about the US budget deficit, fueled by tax cuts and spending plans, are affecting
investor confidence.
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