Gold (XAU/USD) experienced a significant correction on Monday, plummeting 4.50% to trade near $4,330. This decline follows a record-setting close last week, as traders engaged in profit-taking after the precious metal reached an all-time high. The sharp drop highlights the volatility in the gold market as investors reassess their positions.
The rebound of the USD has further pressured gold prices, influencing the currency pair dynamics in the broader forex market. As the exchange rate of the USD strengthens, the appeal of gold diminishes, prompting a shift in trading behavior. With gold's recent highs now adjusted, market participants are closely monitoring upcoming economic data that could impact both the USD and the precious metal's trajectory.
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Data Source: FX Killer Analysis Team Updated: 2025-12-29 16:25
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.