Gold (XAU/USD) is maintaining its intraday gains, trading near a two-week high as the market anticipates a decisive move beyond the $4,200 level. With traders eyeing potential Fed rate cuts, there is growing optimism among bulls to initiate fresh positions. The current exchange rate reflects a cautious sentiment, with investors assessing the implications of future monetary policy shifts.
As the European session approaches, the focus remains on whether gold can sustain momentum above the critical $4,200 barrier. A breakthrough could trigger a new wave of buying interest, potentially pushing prices higher. Market participants are closely watching developments in U.S. monetary policy, particularly any indications from the Federal Reserve that might influence the USD's strength against other currencies, including the EUR.
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Data Source: FX Killer Analysis Team Updated: 2025-11-28 07:19
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.