Gold (XAU/USD) is experiencing a slight decline during the Asian trading session on Thursday, reflecting a negative bias as the USD rebounds from a one-month low. Despite this downward pressure, gold's movement appears restrained, remaining within its established weekly range. Currently, the precious metal's prices are influenced by fluctuations in the currency market, particularly against the strengthening USD, which has seen a resurgence in exchange rates.
The limited bearish momentum in gold suggests that while traders are reacting to the USD’s recovery, significant losses may be unlikely in the near term. As market participants continue to monitor economic indicators and geopolitical developments, gold's performance will be closely tied to the movements of the USD and other major currency pairs, including EUR/USD. The interplay between these currencies could determine gold's next direction as traders assess potential support and resistance levels.
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Data Source: FX Killer Analysis Team Updated: 2025-12-04 06:30
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.