Gold (XAU/USD) has continued its upward momentum, trading higher for the second consecutive day on Wednesday. The precious metal surged past the $4,100 mark, driven by risk-off sentiment in the markets as investors seek safe-haven assets. The recent disappointing US employment data has further fueled speculation that the Federal Reserve may consider easing monetary policy during its upcoming December meeting.
As traders react to these developments, the exchange rate of XAU/USD reflects a broader trend of caution across global markets. With the potential for a shift in monetary policy, gold's appeal as a hedge becomes more pronounced, attracting increased buying interest. This rally underscores the metal’s role as a store of value amid uncertainty, particularly as economic conditions evolve and central banks navigate their policy responses.
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Data Source: FX Killer Analysis Team Updated: 2025-11-19 13:32
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.