Gold Recovers Slightly, Market Awaits Fed Signals
Gold prices (XAU/USD) edged higher above $4,350 in early European trading on Tuesday (December 30), recovering from a 4.5% drop in the previous session—the biggest daily decline since October. This profit-taking was triggered by increased margin requirements for gold and silver futures contracts on the CME exchange, which prompted many investors to rebalance their portfolios.
Despite the sharp drop, gold's downside potential is now limited due to expectations of a Federal Reserve interest rate cut in 2026. Furthermore, global economic uncertainty and geopolitical tensions keep the precious metal attractive as a safe-haven asset. Trading volumes are expected to be thin ahead of the holidays, while traders await Tuesday's FOMC minutes for further market direction. (az)
The price of gold at the time of this analysis was $4,374
- Buy if the price is at $4,381
- Sell if the price is at $4,367
Resistance 2: $4,395
Resistance 1: $4,388
Support 1: $4,360
Support 2: $4,353
Disclaimer:
This article is analytical in nature and is not a definitive reference. Please consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id
