Gold (XAU/USD) is struggling to regain momentum, trading defensively below the $4,200 mark during the early European session on Thursday. The recent decline can be attributed to a decrease in safe-haven demand as the US dollar stages a rebound, impacting the appeal of gold as a protective asset. Despite these intraday losses, gold maintains a position above the weekly swing low, indicating some degree of resilience.
As the exchange rate fluctuates, traders are closely monitoring economic indicators that could influence the USD's strength and, consequently, precious metals. The dynamics between the gold price and the USD are critical for market movement, with potential implications for investors seeking to navigate the current trading landscape. The interplay between these assets is likely to shape sentiment in the coming sessions.
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Data Source: FX Killer Analysis Team Updated: 2025-12-04 08:53
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.