XAU fell sharply after a sharp spike during the week
could remain above the 2,000 level in the near term, supported by safe-haven demand due to geopolitical instability concerns, a weaker USD and the possibility of interest rate cuts.
In addition, gold is being strongly supported by seasonal factors. According to statistics over the past 6 years, gold has always increased during Christmas.
However, some analysts advise investors to be cautious with gold at these levels and not chase the market.