Gold (XAU/USD) experienced a dip during the early European session on Thursday, reaching a fresh daily low near $4,200. However, the precious metal managed to recover slightly, indicating a lack of strong momentum in its downward movement. This modest rebound can be attributed to a slight bounce in the USD, which has influenced the trading dynamics in the forex market.
The dovish stance from the Federal Reserve continues to limit any further decline in gold prices. With the exchange rate of gold fluctuating amid mixed sentiments, traders are closely monitoring economic indicators and Fed signals that could impact future movements. As the market digests this information, gold remains sensitive to shifts in the USD and broader economic conditions.
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Data Source: FX Killer Analysis Team Updated: 2025-12-11 08:29
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.