XAUUSD : Discounts after a series of days increasing!
Hello there, Brian here with a glint of today's gold market dynamics! Gold (XAU/USD) found itself under a relentless sell-off siege for the second day running on Tuesday, edging toward its bi-weekly nadir around the $2,300 landmark as the European trading session dawned. Despite a nocturnal offensive on U.S. forces in the Middle East, investors clung to optimism, buoyed by hopes that the Iran-Israel skirmish wouldn't spiral further. This sentiment, twinned with expectations that the Federal Reserve (Fed) might pause on rate cuts, unexpectedly became the key catalyst diluting the thirst for the precious metal, leading to its luster loss!
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