Gold prices (XAU/USD) have dipped below $4,350 in early Asian trading on Friday, reflecting a decline driven by profit-taking and weak long liquidation among short-term futures traders. Despite a cooling US Consumer Price Index (CPI) inflation report that typically supports gold, the metal is facing pressure from traders looking to capitalize on recent gains.
The expectation of potential Federal Reserve rate cuts has not been enough to bolster gold, as market sentiment shifts. With the exchange rate for gold declining, investors may want to reassess their positions, particularly in light of ongoing volatility in the currency markets and the interplay between the USD and other currencies like the EUR. This downward movement in gold could signal a broader trend in commodity trading as traders respond to economic indicators.
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Data Source: FX Killer Analysis Team Updated: 2025-12-19 04:54
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.