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 decline, 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 volume is expected to be thin ahead of the holidays, while traders await Tuesday's FOMC minutes for fresh market direction. (az)
The gold price at the time of this analysis was $4,374.
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
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