Gold (XAU/USD) has retreated to the lower end of its daily range, currently holding above the $4,200 mark as it heads into the European session on Wednesday. The precious metal's inability to sustain a modest intraday rally reflects the prevailing positive sentiment in equity markets, which has diminished the appeal of gold as a safe-haven asset.
This shift in market dynamics is primarily driven by favorable trading conditions in major currency pairs, which has bolstered risk appetite among investors. As a result, gold faces mounting headwinds in this environment, struggling to maintain momentum against a backdrop of rising equities and fluctuating exchange rates. The outlook for gold remains cautious, with potential implications for investors closely monitoring market shifts and demand for safe-haven assets.
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Data Source: FX Killer Analysis Team Updated: 2025-12-03 08:28
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.