Gold (XAU/USD) experienced a notable rally on Monday, climbing 0.80% as market participants grew increasingly optimistic about potential interest rate cuts by the Federal Reserve in December. This surge pushed the currency pair closer to the significant level of $4,100, following a dip to $4,040 earlier in the trading session.
Investor sentiment is bolstered by a steady stream of US economic data, reinforcing expectations that the Fed may adopt a more accommodative stance. As traders adjust to the evolving economic landscape, the exchange rate of gold is poised to continue its upward trajectory, reflecting broader market confidence in lower interest rates affecting the USD.
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Data Source: FX Killer Analysis Team Updated: 2025-11-24 18:53
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.