Gold (XAU/USD) surged to a one-and-a-half-week high during the Asian trading session on Tuesday, buoyed by a nearly 2% rally the previous day. The precious metal's rise is attributed to growing expectations of a dovish shift from the US Federal Reserve, which has market participants speculating on potential rate cuts in the near future.
As geopolitical risks continue to loom, the exchange rate for gold is gaining traction against the backdrop of a weakening USD. Traders are closely monitoring this upward trend, which could signal a shift in investor sentiment towards safe-haven assets. With these developments, market dynamics may further influence currency pairs like EUR/USD and others, as investors reassess their strategies amid changing monetary policy outlooks.
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Data Source: FX Killer Analysis Team Updated: 2025-11-25 02:59
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.