Gold prices (XAU/USD) fell by 0.7% to around $4,030 during Thursday's European trading session, according to FX Street. The decline comes amid selling pressures linked to ongoing global inflation worries and rising energy costs following heightened military tensions between the United States and Iran.
Despite approaching the 20-day exponential moving average (EMA) near $3,940, gold struggled to maintain upward momentum as investors reacted cautiously to geopolitical risks and inflation dynamics. The metal’s movement reflects cautious positioning ahead of further developments in the geopolitical landscape and inflation outlook.
For Japanese investors, who often view gold as a safe haven amid currency volatility, these fluctuations underscore the complex interplay between global political events and inflationary pressures that influence precious metals markets.