Gold prices (XAU/USD) continued their upward momentum, trading near $4,230 during early Asian hours on Monday. This rally has been fueled by increasing speculation regarding a potential interest rate cut by the US Federal Reserve, which could occur as soon as December. The market's anticipation of looser monetary policy is driving investor interest in the safe-haven asset.
As the prospects of a Fed rate cut grow, the exchange rate for gold has demonstrated resilience, reflecting a broader trend in the commodities market. The dollar's strength against other currencies, such as the euro (EUR), may face pressure as traders adjust their positions based on these evolving economic indicators. The implications of a rate cut could further bolster gold prices, making it an attractive option for investors seeking stability amidst fluctuating currency values.
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Data Source: FX Killer Analysis Team Updated: 2025-12-01 01:50
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.