Gold (XAU/USD) continued its upward trajectory during the early European session on Friday, maintaining a positive bias amid a weaker US dollar, influenced by dovish signals from the Federal Reserve. The precious metal has been trading within a defined range this week, exhibiting resilience despite broader market fluctuations.
As traders await the release of the US Personal Consumption Expenditures (PCE) data, which could provide further insights into inflation trends and monetary policy direction, gold's exchange rate remains a focal point. The current trading dynamics suggest that market participants are positioning themselves for potential volatility, reflecting ongoing concerns around USD strength and its impact on gold prices.
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Data Source: FX Killer Analysis Team Updated: 2025-12-05 07:40
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.