Gold prices (XAU/USD) surged towards $4,230 during early Asian trading hours on Tuesday, marking a near six-week high. The bullish momentum is driven by increasing market expectations for US interest rate cuts, which typically bolster demand for the precious metal as an alternative investment.
As traders respond to the shifting economic landscape, the exchange rate reflects a growing sentiment that the USD may weaken in light of potential rate adjustments. This recent rally highlights gold's role as a safe haven amidst uncertainty, suggesting that further movements in the currency pair may hinge on upcoming economic data and Federal Reserve announcements.
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Data Source: FX Killer Analysis Team Updated: 2025-12-02 04:03
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.