Gold (XAU/USD) showed a hesitant downward movement in early European trading on Monday, currently hovering just above the $4,050 level, down 0.35% for the day. The market sentiment remains cautious as traders grapple with renewed expectations of potential rate cuts from the Federal Reserve, which have tempered the recent rally in the USD.
Despite the current lack of momentum, the gold market's offered tone suggests that bearish sentiment is present but not aggressively pushing prices lower. As the U.S. dollar strength faces potential limitations from Fed policy shifts, traders will be closely monitoring future developments in both the currency pair and broader economic indicators to gauge the next steps in gold trading.
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Data Source: FX Killer Analysis Team Updated: 2025-11-24 07:39
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.