Gold (XAU/USD) faced selling pressure on Friday, experiencing a decline to a fresh daily low after initially moving above the $4,200 mark. The precious metal's retreat came despite a weaker USD, as diminished expectations for further Federal Reserve rate cuts weighed on market sentiment, contributing to a risk-off mood among traders.
The market dynamics shifted as investors recalibrated their outlook on the Fed's monetary policy, impacting the exchange rate of gold. As trading progressed early in the European session, the interplay between reduced rate cut bets and the softer USD proved insufficient to maintain bullish momentum for gold, prompting a reassessment of positions in the currency pair.
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Data Source: FX Killer Analysis Team Updated: 2025-11-14 08:26
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.