Gold (XAU/USD) remained steady on Monday, initially surging to a daily high of $4,350 before profit-taking by traders led to a pullback. Currently, the precious metal trades at $4,296, showing little movement amid the recent fluctuations. The ongoing depreciation of the Greenback has influenced market sentiment, as traders assess the Federal Reserve's policy direction alongside upcoming economic data.
With the USD facing challenges, the exchange rate dynamics continue to play a crucial role in gold's performance. Market participants are closely monitoring the interplay between gold prices and the strength of the USD, particularly as they anticipate potential shifts in monetary policy. As the trading week unfolds, gold's ability to maintain its position will depend on broader market trends influenced by U.S. economic indicators and Fed commentary.
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Data Source: FX Killer Analysis Team Updated: 2025-12-15 19:19
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.