Gold prices (XAU/USD) retreated during the Asian session on Thursday, pulling back from a nearly two-week high. The precious metal faced selling pressure as traders took profits following recent gains. Despite this decrease, the outlook remains cautiously optimistic, bolstered by expectations of lower US interest rates and increasing hopes for a resolution to the ongoing conflict between Russia and Ukraine.
As the market mood turns risk-on, the downside for gold seems limited. Investors are closely monitoring the developments in geopolitical tensions and central bank policies, which could influence the exchange rate dynamics of the USD and other currency pairs. The interplay between gold and these factors continues to shape trading strategies, as market participants assess potential price movements in the days ahead.
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Data Source: FX Killer Analysis Team Updated: 2025-11-27 02:56
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.