Gold prices (XAU/USD) have retreated from their record high of nearly $4,550 during the Asian trading session on Monday, as traders opted to take profits amid upcoming holidays. The recent uptick in the US Dollar (USD) has also contributed to the downward pressure on gold, making the precious metal more expensive for non-US buyers and affecting its demand.
As the market adjusts, the exchange rate dynamics between the USD and other currencies, such as the euro (EUR), remain crucial for gold's performance. The increased dollar strength could signal a shift in trading sentiment, potentially impacting gold’s attractiveness as a safe-haven asset. Analysts will be closely monitoring these developments as they unfold, assessing how the interplay between currency movements and commodity prices shapes market trends.
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Data Source: FX Killer Analysis Team Updated: 2025-12-29 03:49
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.