Gold (XAU/USD) continues its downward spiral, marking its second consecutive day of losses as it drops to a three-day low around the $4,415 level. This decline comes despite a supportive fundamental backdrop that typically bolsters the precious metal. Traders are closely monitoring the exchange rate, as gold's weakness contrasts sharply with the strength of the USD in the current market environment.
As the European session approaches on Thursday, market sentiment remains cautious, and investors are weighing factors such as inflation and interest rate expectations, which may influence further trading in gold. The persistent pressure on the currency pair indicates a potential shift in investor appetite, prompting analysts to speculate on the implications for both gold and broader market dynamics.
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Data Source: FX Killer Analysis Team Updated: 2026-01-08 07:24
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.