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2025-09-19 15:27:21
Gold Hovered Around $3,650: ⑴ In early European trading on Friday, gold (XAU/USD) failed to rise further after a slight intraday gain, maintaining a moderately strong position, trading around $3,650. ⑵ The US dollar continued its post-Federal Reserve decision rebound, strengthening for the third consecutive day, supported by Powell's hawkish stance. This became a significant factor suppressing gold, a non-yielding asset. ⑶ In addition, the overall improvement in risk appetite in the stock market further limited safe-haven buying of gold. ⑷ However, the escalating conflict between Russia and Ukraine and the ongoing tensions in the Middle East have deterred short sellers from entering the market aggressively. The market is generally awaiting clearer selling signals to confirm the sustainability of this week's decline from its historical highs.
