Gold (XAU/USD) is experiencing a slight decline on Thursday as traders engage in profit-taking after yesterday's record surge to approximately $4,643. Currently, the precious metal is trading around $4,586, reflecting a nearly 1% drop for the day. This pullback comes amid a firmer USD, which is putting pressure on gold prices.
The recent peak in gold prices has attracted profit-seeking behavior, leading to a natural correction in the market. As the exchange rate of XAU/USD fluctuates, investors are closely monitoring the impact of the stronger dollar on gold's appeal as a safe-haven asset. The ongoing volatility suggests that traders will need to navigate carefully in this dynamic market environment.
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Data Source: FX Killer Analysis Team Updated: 2026-01-15 14:51
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.