$PAXG Gold experienced a sharp rise and fall on Monday (October 15th). Due to market expectations of a Federal Reserve rate cut and fluctuations in the US dollar exchange rate, spot gold briefly approached the psychological high of $4350, almost touching the more than seven-week high reached last Friday. However, as safe-haven demand cooled rapidly, gold prices quickly gave back most of their gains, ultimately closing at $4304.91 per ounce, a slight increase of only about 0.1%. The main driver of this change was the progress made in important talks between US officials and Ukrainian President Zelensky regarding ending the war, which significantly reduced market demand for safe-haven assets. Meanwhile, global traders are turning their attention to the upcoming key US employment data, which will further reveal the future path of the Federal Reserve's monetary policy. On Tuesday (December 16th) in early Asian trading, spot gold fluctuated slightly higher, currently trading at $4308.64. #XAUUSD