Gold (XAU/USD) began the month on a positive note, surging to its highest level since October 21. The precious metal's ascent was fueled by a risk-off sentiment in the market, as investors flocked to safe-haven assets amid growing concerns over economic stability. This increase reflects traders' expectations for a potential interest rate cut by the Federal Reserve during its monetary policy meeting scheduled for December 9-10.
As the dollar (USD) weakened, the exchange rate dynamics shifted in favor of gold, highlighting the inverse relationship between the two. Market participants are closely monitoring these developments, with the potential Fed rate cut likely to influence trading strategies across various currency pairs, including EUR/USD and GBP/USD. The ongoing fluctuations underscore the market's sensitivity to central bank policies and economic indicators as traders position themselves ahead of key financial events.
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Data Source: FX Killer Analysis Team Updated: 2025-12-01 14:48
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.