Gold (XAU/USD) surged during the Asian trading session on Wednesday, reaching a fresh one-and-a-half-week high above the $4,160 level. This upward movement follows a volatile price action from the previous day, as traders reacted to shifting market sentiment and dovish expectations surrounding the Federal Reserve's monetary policy.
The rally in gold is largely attributed to growing bets that the Fed may adopt a more accommodative stance in the near future. As investors continue to assess economic data and central bank signals, the increased demand for gold reflects a broader trend of seeking safety in alternative assets amid uncertainties in the currency markets. The implications for the USD and other currency pairs could be significant, as a dovish Fed typically weakens the dollar, further supporting gold prices.
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Data Source: FX Killer Analysis Team Updated: 2025-11-26 03:51
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.