Gold (XAU/USD) stabilized around $4,600 in early European trading on Friday, reflecting a risk-on sentiment in the market. However, prices have seen a decline due to diminishing safe-haven demand as geopolitical tensions in Iran eased. The situation calmed after U.S. President Donald Trump suggested he might postpone military action, following Iran's commitment to refrain from executing protesters.
As investors shift their focus from geopolitical risks, the exchange rate for gold may be influenced by broader market sentiment and Federal Reserve policies. With the USD showing signs of strength, traders are closely monitoring upcoming economic indicators that could sway the Fed's cautious approach, further impacting gold prices and currency pair dynamics in the forex market.
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Data Source: FX Killer Analysis Team Updated: 2026-01-16 07:45
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.