Gold (XAU/USD) is experiencing a downward drift during the Asian session on Thursday, pulling away from a nearly two-week high reached the previous day. The yellow metal's current price movement is influenced by a positive risk appetite in the markets, which is reducing demand for safe-haven assets like gold.
While trading below this recent peak, the downside for gold appears limited as investors remain cautious amid ongoing geopolitical tensions and economic data releases. As the exchange rate fluctuates, traders are closely monitoring the implications for both gold and broader currency pairs, particularly against the USD and EUR.
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Data Source: FX Killer Analysis Team Updated: 2025-11-27 04:46
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.