Gold prices (XAU/USD) fell below $4,350 during Asian trading hours on Thursday, retreating from recent seven-week highs. The decline is attributed to profit-taking among investors who capitalized on the metal's upward momentum. Concurrently, a rebound in the US Dollar (USD) exerted additional downward pressure on gold's exchange rate, as traders shifted their focus towards the stronger greenback.
The movement in gold reflects broader market dynamics, with the USD gaining traction amid fluctuating economic sentiment. As traders adjust their positions, the interplay between gold and the USD highlights the ongoing volatility in the forex market, influencing trading strategies for both currencies. Investors will be closely monitoring these developments for potential impacts on future trading sessions.
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Data Source: FX Killer Analysis Team Updated: 2025-12-18 04:07
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.