Gold (XAU/USD) traded defensively below the $4,600 threshold during the early European session on Tuesday, remaining close to the all-time high reached the previous day. This price action reflects traders' cautious stance as they await the crucial US Consumer Price Index (CPI) report, which could significantly influence market sentiment and the USD exchange rate.
The supportive fundamental backdrop, characterized by ongoing economic uncertainties, continues to underpin gold's appeal as a safe-haven asset. As traders closely monitor the upcoming CPI data, fluctuations in the EUR/USD and other currency pairs are also anticipated, with potential implications for broader market trading dynamics.
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Data Source: FX Killer Analysis Team Updated: 2026-01-13 09:35
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.