Gold (XAU/USD) experienced renewed selling pressure during the Asian trading session on Thursday, pushing the price below the $4,200 mark. The precious metal's decline brought it closer to its weekly low, reflecting a broader positive risk sentiment in the market and a slight uptick in the US dollar.
The upward movement of the USD has contributed to gold's weakening as traders reassess their positions amid shifting market dynamics. As the exchange rate fluctuates, investors may continue to monitor gold closely for further signs of support or resistance in the face of the strengthening currency.
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Data Source: FX Killer Analysis Team Updated: 2025-12-04 07:41
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.