Gold prices (XAU/USD) slipped below $4,350 during early Asian trading hours on Friday, driven by profit-taking and weak long liquidation from short-term futures traders. The decline comes despite ongoing expectations for a Federal Reserve rate cut, which usually bolsters the appeal of precious metals like gold.
The current trading environment reflects a cautious sentiment among investors, as they react to recent price gains. As traders adjust their positions, the fluctuations in the gold market highlight the delicate balance between profit realization and the broader outlook for interest rates. The ongoing dynamics in the forex markets, particularly with the USD, continue to influence gold's exchange rate, keeping market participants alert to further developments.
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Data Source: FX Killer Analysis Team Updated: 2025-12-19 04:09
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.