Gold prices surged over 1% on Friday, with XAU/USD trading above the critical $4,200 level for the first time in ten days. The uptick comes amid a light economic calendar, as traders adjust their expectations for further dovish action from the Federal Reserve in the upcoming meeting. This shift in sentiment has bolstered demand for the non-yielding metal, reflecting concerns over future monetary policy.
As the market anticipates additional easing measures, the strengthening gold prices could signal a weakening USD. A dovish Fed stance may lead to a decrease in interest rates, prompting investors to seek refuge in safe-haven assets like gold. The current exchange rate dynamics underscore the delicate balance between inflation concerns and monetary policy adjustments, which could influence trading strategies in the forex market in the weeks ahead.
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Data Source: FX Killer Analysis Team Updated: 2025-11-28 19:36
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.