Gold (XAU/USD) faced renewed selling pressure during the Asian trading session on Friday, maintaining its position within the weekly range despite a weaker risk sentiment in the market. The precious metal's appeal has been dampened as reduced expectations for Federal Reserve rate cuts have contributed to its decline, impacting the overall trading dynamics.
As market participants digest mixed economic signals, gold continues to hover around critical technical levels, reflecting uncertainty in investor sentiment. The interplay between the U.S. dollar and other currencies, particularly the EUR/USD exchange rate, remains influential, with fluctuations in the USD affecting gold's attractiveness as an alternative asset.
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Data Source: FX Killer Analysis Team Updated: 2025-11-21 04:22
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.