Gold (XAU/USD) is showing resilience as it hovers near its highest level in a week and a half, driven by dovish expectations surrounding the Federal Reserve's monetary policy. As the European session approaches, the precious metal is trading firmly, reflecting a general weakness in the USD.
Market sentiment is influenced by speculation that the Fed may adopt a more accommodative stance, which typically leads to a lower exchange rate for the USD. This shift in expectations has enhanced gold's appeal, making it a favored trading option amid uncertainties in the broader financial landscape. The current trading level for gold stands close to a two-week peak, indicating strong buying interest.
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Data Source: FX Killer Analysis Team Updated: 2025-11-26 06:55
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.