Gold (XAU/USD) saw a pullback during the Asian session on Tuesday, retreating from its six-week high of approximately $4,264-4,265 reached the previous day. This decline in gold prices coincided with a positive risk sentiment in the markets, prompting some sellers to enter the trading arena and take profits after the recent rally.
Despite this retreat, the downside for gold remains relatively well-supported, as ongoing uncertainties in global markets continue to underpin demand for the precious metal. As investors weigh economic indicators and central bank policies, the exchange rate of gold against the USD may continue to attract attention, with traders looking for potential buying opportunities should the price stabilize around key technical levels.
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Data Source: FX Killer Analysis Team Updated: 2025-12-02 05:19
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.