Gold (XAU/USD) retraced its earlier gains on Thursday, following a weaker-than-expected inflation report in the US that initially spurred bullish sentiment among Fed-cut advocates. The non-yielding metal surged to $4,374, nearing its all-time high of $4,381. However, the optimism faded as traders reassessed the implications of the data on future monetary policy.
As of the latest updates, XAU/USD is trading at $4,335, reflecting a shift in market dynamics. The soft Consumer Price Index (CPI) figures have raised concerns about a potential dovish stance from the Federal Reserve, influencing trading strategies across various currency pairs, including USD and EUR. The fluctuations in gold prices underscore the ongoing volatility in the forex market, driven by economic indicators and their impact on investor sentiment.
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Data Source: FX Killer Analysis Team Updated: 2025-12-18 20:20
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.