Gold (XAU/USD) continues to trade with a negative bias during the Asian session on Thursday, remaining below a nearly two-week high reached the previous day. The precious metal struggles to gain momentum, currently trading under the influence of a dovish stance from the Federal Reserve, which has weakened the USD. This environment has limited gold's losses, providing some support for prices near current levels.
Market sentiment remains cautious as traders assess the implications of USD movements on the gold exchange rate. Despite the recent gains, the challenges ahead for XAU/USD could persist if broader market dynamics shift. With the Fed's policies influencing trading conditions, investors are closely monitoring economic indicators that could sway currency pairs and dictate gold's potential recovery path.
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Data Source: FX Killer Analysis Team Updated: 2025-11-27 05:43
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.