Gold prices (XAU/USD) fell below $4,350 during early European trading on Thursday, retreating from recent seven-week highs. This decline is attributed to profit-taking by investors and a rebound in the US Dollar (USD), which has impacted the market dynamics for precious metals.
As traders anticipate the upcoming US Consumer Price Index (CPI) inflation data, the shift in market sentiment has led to fluctuations in the gold exchange rate, prompting caution among buyers. The strengthening USD has added pressure on gold, highlighting the delicate balance between inflationary concerns and currency valuations in the forex market.
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Data Source: FX Killer Analysis Team Updated: 2025-12-18 06:32
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.