Gold (XAU/USD) has seen a notable recovery, with prices climbing 1.75% on Friday to approach the $4,400 mark. This surge comes amid a holiday-thinned trading environment, as markets in Japan and China remain closed for New Year celebrations. Earlier this week, gold had dipped to $4,274, but the current momentum suggests increased buying interest.
The rise in gold prices can be attributed to a combination of factors, including ongoing geopolitical tensions and fluctuations in the USD exchange rate. As investors seek safe-haven assets, the precious metal's appeal is heightened, reinforcing its status in the market. With the current trading levels, market participants are closely monitoring developments that could further influence the XAU/USD pair in the coming sessions.
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Data Source: FX Killer Analysis Team Updated: 2026-01-02 12:39
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.