Gold (XAU/USD) has declined for the third consecutive day, trading just above the $4,100 mark after a modest uptick during the Asian session. The precious metal remains near a one-week low reached on Friday, primarily driven by reduced expectations for a Federal Reserve rate cut, which has bolstered the strength of the USD.
As traders react to shifting sentiment in monetary policy, the exchange rate dynamics are evident, with the USD gaining ground against major currencies, including the EUR. This strengthening of the dollar has exerted downward pressure on gold prices, highlighting the ongoing interplay between interest rate speculation and commodity trading in the forex market.
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Data Source: FX Killer Analysis Team Updated: 2025-11-17 06:29
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.