Gold (XAU/USD) continued its downward trend on Friday, trading at approximately $4,590, marking a second consecutive session of losses. The decline in precious metal prices is largely attributed to a waning demand for safe-haven assets, influenced by a temporary easing of geopolitical tensions in Iran.
As traders reassess risk, the exchange rate reflects a broader market sentiment shift that could impact other assets, including major currency pairs such as USD and EUR. This reduction in safe-haven buying could signal a potential adjustment in investment strategies, as market participants react to stabilizing conditions in the region.
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Data Source: FX Killer Analysis Team Updated: 2026-01-16 03:39
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.