Gold (XAU/USD) is trading just below its six-week high, reflecting a positive bias as it navigates minor fluctuations between slight gains and losses ahead of the European session. Earlier today, the precious metal reached its peak level since October 21, driven by dovish expectations surrounding the Federal Reserve's monetary policy.
The current exchange rate dynamics suggest that market participants are eyeing potential shifts in interest rates, which could bolster gold's appeal as a safe-haven asset. As traders assess the implications of Fed policy on the broader financial landscape, XAU/USD is poised to react to any developments that may alter market sentiment.
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Data Source: FX Killer Analysis Team Updated: 2025-12-01 07:43
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.