Gold (XAU/USD) is struggling to maintain upward momentum, trading below the weekly high reached earlier this Thursday. Despite this, the precious metal is successfully defending the critical $4,200 level as it heads into the European session. The recent price action reflects a cautious market sentiment amidst fluctuations in the USD.
The US Dollar (USD) has halted its decline following the Federal Open Market Committee (FOMC) meeting, making a modest recovery from its lowest point since October 24. This rebound in the USD is influencing trading dynamics across currency pairs, as investors reassess their positions ahead of further economic indicators. The interplay between gold and the USD remains pivotal, as shifts in the exchange rate continue to impact investor behavior and market sentiment.
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Data Source: FX Killer Analysis Team Updated: 2025-12-11 07:24
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.