Gold (XAU/USD) has seen a decline below the critical $4,500 level as traders adopt a cautious approach ahead of upcoming U.S. economic data. The selling pressure near this psychological threshold has triggered some profit-taking among investors, leading to a slight pullback in the precious metal's value.
As market participants await further clarity from the U.S. economic indicators, the exchange rate of gold remains sensitive to shifts in sentiment. The recent price action underscores the volatility that often accompanies key data releases, highlighting the intricate relationship between gold trading and broader currency movements, particularly against the USD.
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Data Source: FX Killer Analysis Team Updated: 2026-01-07 11:41
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.