Gold (XAU/USD) experienced a pullback on Friday, erasing earlier gains as the US Dollar (USD) strengthened following the release of steady US Personal Consumption Expenditures (PCE) data. The precious metal found itself oscillating within the established trading range observed throughout the week, reflecting a lack of decisive momentum.
As the USD firmed, investor sentiment shifted, tempering the bullish outlook for gold. Despite fluctuations, the metal remained constrained by the ongoing strength of the dollar, influencing exchange rates and limiting upward movement. Traders will be closely monitoring economic indicators for further cues on future price actions, particularly in relation to the USD and EUR dynamics.
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Data Source: FX Killer Analysis Team Updated: 2025-12-05 18:26
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.