Gold (XAU/USD) has shown resilience during the North American trading session, buoyed by a dovish stance from Federal Reserve officials, who have indicated a potential cut in interest rates at the upcoming December meeting. Currently, the precious metal is trading at $4,096, reflecting a 0.53% increase after peaking at $4,101 earlier in the day.
The prospect of a rate cut has ignited a frenzy among traders, leading to increased demand for gold as a safe-haven asset. As the market digests these developments, the XAU/USD exchange rate remains sensitive to shifts in Fed policy, with investors closely monitoring economic indicators that could influence future monetary decisions.
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Data Source: FX Killer Analysis Team Updated: 2025-11-21 17:40
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.