Gold price (XAU/USD) sticks to its modest intraday losses through the early part of the European session, though it lacks follow-through selling and remains close to over a two-week high touched on Friday. The latest optimism led by US President Donald Trump's decision to delay the implementation of tariffs on the European Union (EU) prompts some profit-taking around the safe-haven commodity, especially after last week's strong rally of nearly 5%.
Meanwhile, worries over the worsening US fiscal health and the growing acceptance that the Federal Reserve (Fed) will cut rates further in 2025 drag the US Dollar (USD) to over a one-month low.
This, along with persistent geopolitical risks stemming from the protracted Russia-Ukraine war and conflicts in the Middle East, is holding back traders from placing aggressive bearish bets around the Gold price ahead of this week's important US macro releases.
Source: FXStreet
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