Gold (XAU/USD) is experiencing a slight recovery after hitting a three-day low on Thursday, yet it continues to exhibit a negative bias for the second consecutive day, trading in early European sessions. The precious metal remains pressured despite a weaker USD, influenced by dovish signals from the Federal Reserve and ongoing geopolitical tensions.
The current exchange rate for gold reflects market unease as traders weigh the implications of Fed policy against persistent global risks. As the USD softens, many anticipated that gold would gain traction; however, it seems that bearish sentiment still prevails in the market. This ongoing struggle highlights the challenges gold faces in establishing a robust upward momentum, even amid favorable USD conditions.
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Data Source: FX Killer Analysis Team Updated: 2026-01-08 07:44
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.