Gold prices (XAU/USD) are currently seeing little movement, trading flat near $4,205 in early Asian sessions on Friday. The lack of significant price action is largely attributed to rising US Treasury yields, which are exerting downward pressure on the precious metal. Additionally, positive US jobs data has tempered bullish sentiment, causing traders to adopt a cautious stance ahead of the crucial US Personal Consumption Expenditures (PCE) inflation report.
As market participants await the PCE inflation data, many are opting to remain on the sidelines, anticipating potential volatility in the exchange rate. The outcome of this economic indicator could significantly impact the USD and subsequently influence trading decisions for various currency pairs, including gold. The focus on inflation highlights the delicate balance between economic growth and potential interest rate adjustments by the Federal Reserve, factors that will play a critical role in shaping future market dynamics.
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Data Source: FX Killer Analysis Team Updated: 2025-12-05 01:27
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.