Gold (XAU/USD) saw renewed buying interest during the Asian session on Wednesday, rebounding towards the $4,150 level after experiencing a volatile trading day previously. The rise in demand for the precious metal is largely attributed to increasing expectations of a rate cut by the Federal Reserve, which has put downward pressure on the USD.
As the exchange rate for the USD weakens, a more positive risk tone in the markets could limit the potential gains for gold. Traders remain cautious, weighing the impact of upcoming economic data against the backdrop of shifting monetary policy, which might lead to further fluctuations in the currency pair.
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Data Source: FX Killer Analysis Team Updated: 2025-11-26 02:58
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.