Gold prices (XAU/USD) are experiencing a downturn, trading 0.6% lower at approximately $4,270 during the European session on Tuesday. This decline follows a recent surge that saw the yellow metal touch an all-time high above $4,350, prompting profit-taking among investors. The shift in market sentiment highlights the volatility often associated with precious metals trading.
As traders focus on the upcoming US Non-Farm Payroll (NFP) data, the exchange rate for gold remains under pressure. The NFP report is anticipated to provide insights into the health of the US labor market, which could influence the USD's strength against other currencies, including the EUR. This key economic indicator may further impact gold's price trajectory as traders reassess their positions in response to the potential implications for monetary policy.
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Data Source: FX Killer Analysis Team Updated: 2025-12-16 11:41
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.