Gold prices (XAU/USD) experienced a pullback from a record high near $4,550 during early European trading on Monday, as traders began to take profits ahead of the upcoming holidays. This decline follows a period of strong upward momentum, but the recent surge prompted a wave of selling, reflecting the volatility typically associated with such peaks.
Additionally, a strengthening US Dollar (USD) is exerting downward pressure on gold, making the precious metal more expensive for non-US buyers. This exchange rate dynamic could further influence gold prices, as market participants reassess their positions in light of changing currency valuations. The interplay between these factors underscores the ongoing fluctuations in the forex market, particularly in relation to safe-haven assets like gold.
About FX Killer Trader Incubation Program
Want to become a professional trader? FX Killer offers a completely free professional trader training program. We provide systematic courses, practical training, and professional mentorship to help you grow from beginner to full-time trader.
👉 Join Free Training Program | Trading Psychology Assessment
Data Source: FX Killer Analysis Team Updated: 2025-12-29 06:33
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.