Gold (XAU/USD) has maintained its upward momentum, nearing a two-week high reached during the Asian session on Wednesday. The precious metal is benefiting from a weakened USD as market participants increasingly anticipate rate cuts from the US Federal Reserve. This shift in sentiment has positioned gold prices for potential further appreciation, reflecting a growing preference for safe-haven assets amid economic uncertainties.
The exchange rate for gold is now closely monitored as traders react to dovish signals from the Fed. As expectations for a more accommodative monetary policy rise, the USD's decline may continue to bolster gold's attractiveness. Investors are weighing the implications of these developments on overall trading strategies, particularly in the context of potential shifts in the EUR/USD pair and other major currency pairs influenced by the Fed's stance.
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Data Source: FX Killer Analysis Team Updated: 2025-11-26 05:18
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.