Gold (XAU/USD) has dropped to a multi-day low in early European trading, reflecting shifting market sentiment amid diminished expectations for Federal Reserve rate cuts. The precious metal has seen its value dip but has managed to maintain a crucial support level above $4,000, which could be pivotal for future trading directions.
The recent decline in gold prices can be attributed to a strengthening USD and mixed economic signals that have tempered aggressive rate cut bets by the Fed. As traders assess the implications of these developments on the broader market, the $4,000 mark remains a key psychological threshold, with potential repercussions for both gold and related currency pairs as the market navigates this uncertain terrain.
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Data Source: FX Killer Analysis Team Updated: 2025-11-21 09:42
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.