Gold (XAU/USD) made a modest recovery on Friday, trading at approximately $4,345 after dipping to a daily low of $4,309 earlier in the session. The precious metal's gains were limited as a strong US Dollar (USD) exerted pressure on the market, capping any significant upside potential.
Amidst a resilient greenback, which continues to influence trading dynamics across currency pairs, gold's upward movement reflects a brief consolidation phase. Investors are closely monitoring the exchange rate fluctuations as market sentiment remains cautious, with the USD maintaining its strength against other currencies like the EUR. The current technical levels suggest that gold will need to break above resistance to gain momentum in the near term.
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Data Source: FX Killer Analysis Team Updated: 2025-12-19 18:28
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.