
Gold prices are currently moving lower on Tuesday (December 16th). Pressure stems from profit-taking after previous gains, as well as market adjustments ahead of the release of important economic data. This has led some market participants to hold back or shift to other instruments deemed more attractive in the short term.
From a fundamental perspective, the relatively stable US dollar and expectations of central bank policy also weigh on gold. With the prospect of interest rate cuts still unclear, gold's appeal as a hedge is diminished. As long as market sentiment remains cautious and there are no new triggers, gold prices have the potential to remain under pressure. (alg)
Source: Newsmaker.id
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