Gold (XAU/USD) continues to face downward pressure in the early European session on Monday, trading around $4,200. The precious metal's struggle is attributed to a positive risk sentiment in the market, which has diminished demand for safe-haven assets. Despite mixed fundamental signals, gold's ability to hold above the $4,200 threshold indicates some resilience amid ongoing Fed rate cut speculation.
As traders assess the implications of potential monetary policy shifts from the Federal Reserve, the exchange rate dynamics between gold and the USD remain closely watched. While the bullion's current position suggests a cautious market outlook, any shifts in investor sentiment or economic data releases could significantly impact its trading trajectory in the coming days.
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Data Source: FX Killer Analysis Team Updated: 2025-12-02 08:28
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.