Gold (XAU/USD) is experiencing modest losses during the early European session on Tuesday, trading lower as the US dollar (USD) shows signs of strength. The current exchange rate reflects a cautious market sentiment, with investors awaiting the upcoming US Consumer Price Index (CPI) report that could provide further insights into inflation and monetary policy direction.
Despite the downward pressure, gold's losses remain somewhat limited due to a supportive fundamental backdrop. Traders are closely monitoring how the USD's performance against other currencies, including the euro (EUR), impacts gold prices, which typically move inversely to the dollar. Market anticipation around the CPI data suggests that volatility may increase, influencing both gold and currency pair dynamics in the near term.
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Data Source: FX Killer Analysis Team Updated: 2026-01-13 08:31
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.