Gold Prices Slightly Lower, Profit-Taking Begins
Gold (XAU/USD) began to decline slightly in the European session due to profit-taking after a five-day rally that continued to set records.
Prices moved away from the highs touched earlier today, especially as overnight dollar selling pressure began to ease, reducing gold's upward momentum.
Nevertheless, gold's downside potential still appears limited. Markets still hold expectations that the Fed could make at least two interest rate cuts in 2026, which typically hinders significant dollar appreciation and remains a tailwind for gold, as it offers no yield.
Therefore, this correction appears more like a natural cooling-off after a strong rally, rather than a definitive signal of a trend reversal. To conclude that gold has reached a near-term top, the market typically needs a strong and consistent continuation of the decline—otherwise, a small pullback could be considered a buying opportunity at lower prices.
Source: Newsmaker.id
