Gold prices (XAU/USD) have retreated from seven-week highs, trading below the key level of $4,300 in early European hours on Tuesday. This decline is primarily attributed to profit-taking and weak long liquidation among shorter-term futures traders. As investors take a step back, the market is watching for the upcoming US Non-Farm Payroll (NFP) release, which could influence further trading dynamics.
Additionally, optimism surrounding potential peace talks in Ukraine is adding pressure on the safe-haven asset. As geopolitical tensions appear to ease, risk appetite is shifting, which may lead to further declines in the gold market. Traders are now closely monitoring the exchange rate movements, particularly how the USD reacts to the NFP data, as it could steer market sentiment and impact gold prices in the days ahead.
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Data Source: FX Killer Analysis Team Updated: 2025-12-16 06:32
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.