Gold (XAU/USD) experienced a retracement during the early European session on Friday, giving up much of its earlier gains that had pushed prices to a two-week high around $4,200. The precious metal's rise was short-lived as increasing demand for the US dollar weighed on its momentum, causing it to fall back toward the lower end of its daily trading range.
As the market continues to navigate fluctuating exchange rates, the renewed strength of the USD has overshadowed gold's recent performance. Traders are closely monitoring the USD's movements against other currencies, particularly the EUR, which could indicate shifts in investor sentiment and affect future trading strategies. This dynamic could have broader implications for gold prices in the coming sessions.
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Data Source: FX Killer Analysis Team Updated: 2025-11-28 09:21
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.