Gold (XAU/USD) faced downward pressure during the Asian trading session on Friday, unable to build on the previous day's rebound from around the $4,400 mark. As the U.S. dollar (USD) maintained its recent strength, fresh selling emerged, stalling gold's momentum. Market participants are keenly awaiting the upcoming U.S. Non-Farm Payroll (NFP) report, which could further impact the currency pair's direction.
The persistent gains of the USD have shifted market sentiment, causing traders to reassess their positions in gold. With the exchange rate dynamics favoring the dollar, gold's struggles highlight the broader implications for commodities as investors brace for potential volatility in response to the NFP data. As traders navigate these developments, the outlook for gold remains uncertain amid fluctuating demand and shifting economic indicators.
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Data Source: FX Killer Analysis Team Updated: 2026-01-09 06:33
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.