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fxJul 6, 2026, 3:42 AM

Gold Eases from Two-Week High Below $4,200 as USD Strengthens

Gold (XAU/USD) pulled back from its two-week high just above $4,200 during Asian trading as the U.S. dollar gained traction, capping further upside.

XAUUSD

Gold (XAU/USD) failed to hold above the $4,200 level after touching a fresh two-week high in the Asian session. The precious metal has since eased as a modest uptick in the U.S. dollar weighed on the non-yielding asset.

Traders are now awaiting further catalysts to determine direction, with the USD strength acting as a near-term headwind for gold bulls.

Source: FXStreet Forex News