Gold (XAU/USD) is experiencing a notable rally, reaching a five-week high around $4,264 as it gains over 0.40% in value during Monday's trading session. This surge comes as money markets anticipate a potential rate cut by the Federal Reserve, expected within the next week. The prospect of lower interest rates typically boosts gold's appeal, driving demand for the precious metal.
The sentiment surrounding the Federal Reserve's monetary policy has led to increased buying pressure in the gold market, which often serves as a safe-haven asset during periods of economic uncertainty. With the USD facing downward pressure amid these expectations, traders are keenly focused on how the Fed's decisions will impact exchange rates and overall market dynamics in the coming days.
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Data Source: FX Killer Analysis Team Updated: 2025-12-01 19:20
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.