Gold prices (XAU/USD) have retreated from a record high of nearly $4,550 during Asian trading hours on Monday, as traders take the opportunity to lock in profits ahead of upcoming holidays. This pullback indicates a natural correction after the substantial rally that pushed the precious metal to its peak.
Additionally, a strengthening US Dollar (USD) is likely contributing to the downward pressure on gold prices. As the USD gains strength, gold becomes more expensive for non-US buyers, which can dampen demand and affect overall market dynamics. The interplay between the currency pair and gold prices could lead to further fluctuations as traders navigate the landscape ahead.
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Data Source: FX Killer Analysis Team Updated: 2025-12-29 04:48
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.