Gold (XAU/USD) is maintaining a bullish trend as it hovers near a six-week high, supported by growing expectations for a Fed rate cut in December. As the European session unfolds, the precious metal is trading with a positive bias, reflecting traders' optimism amid a favorable economic backdrop. This momentum could push the exchange rate even higher in the coming days.
The increased probability of a Federal Reserve rate cut has led to a shift in market sentiment, bolstering demand for gold as a safe-haven asset. As the USD weakens against other currencies, including the EUR, investors are turning to gold to protect their portfolios. This shift not only impacts gold trading but also has broader implications for currency pair dynamics, particularly in relation to the USD's value in global markets.
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Data Source: FX Killer Analysis Team Updated: 2025-12-01 08:30
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.