Gold (XAU/USD) surged during the Asian session on Friday, reaching a two-week high as traders responded to dovish signals from the US Federal Reserve. The current trading environment has shifted sentiment, with bulls now setting their sights on reclaiming the $4,200 level. The positive momentum comes despite a slight uptick in the USD, which has not deterred buyers from entering the market.
The risk-on mood in the broader market has further supported gold’s ascent, implying that investors are seeking safe-haven assets amid uncertain economic conditions. As the exchange rate for gold continues to rise, market participants are closely monitoring Fed communications for any indications that could influence future trading strategies in both the gold and broader currency pair markets.
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Data Source: FX Killer Analysis Team Updated: 2025-11-28 04:45
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.