Gold and silver prices experienced a notable correction from their record highs on December 29, signaling a shift in market sentiment. Gold traded at $1,884.10 per ounce, down 0.6%, while silver fell by 0.9% to $23.58. The recent uptrend was fueled by a weaker U.S. dollar and inflation concerns, but profit-taking has emerged as traders reassess their positions.
In the forex market, the EUR/USD exchange rate hovered around 1.1365, reflecting a 0.3% decline as investors reacted to mixed economic data from the Eurozone. Meanwhile, the USD/JPY pair maintained stability near 113.50, as traders remained cautious ahead of upcoming economic indicators. As market participants continue to navigate volatile conditions, attention will likely shift to central bank policies and global economic recovery prospects.
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Data Source: FX Killer Analysis Team Updated: 2025-12-29 07:26
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.