Gold (XAU/USD) surged during the Asian session on Monday, reaching its highest level since October 21, as it climbed in response to growing expectations of a Federal Reserve rate cut. The precious metal's ascent signals strong bullish momentum, building on last week's gains amid a favorable fundamental backdrop for gold traders.
As the market reacts to potential monetary easing, the exchange rate for gold continues to attract investor interest, suggesting that further gains could be on the horizon. This upward movement in gold prices reflects broader trends in the forex market, particularly as the USD faces pressure, affecting various currency pairs, including the EUR/USD. Investors are closely monitoring these developments, anticipating how shifts in monetary policy may influence trading strategies moving forward.
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Data Source: FX Killer Analysis Team Updated: 2025-12-01 05:49
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.