Gold (XAU/USD) is currently trading in a narrow range, struggling to maintain momentum after a brief bounce from the $4,773-4,772 support area on Thursday. Despite recent gains, the precious metal remains below its all-time high reached the previous day, with traders awaiting the U.S. Personal Consumption Expenditures (PCE) data for further direction.
Market participants are closely monitoring the upcoming PCE figures, which could influence the exchange rate dynamics for the U.S. dollar (USD) and subsequently impact gold prices. As the forex landscape shifts, the interplay between inflation data and monetary policy expectations will be crucial for traders navigating this pivotal moment in the market.
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Data Source: FX Killer Analysis Team Updated: 2026-01-22 10:26
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.