Gold (XAU/USD) began the week quietly, trading around $4,210 as investors await the Federal Reserve's interest rate decision scheduled for Wednesday. This cautious sentiment has kept XAU/USD within its established one-week range, as traders remain hesitant to commit to new positions in the lead-up to the pivotal announcement.
The stability of the U.S. dollar (USD) has contributed to gold's subdued trading atmosphere. With the Fed's stance on interest rates expected to influence market dynamics, participants are closely monitoring developments that could impact the exchange rate of the USD against other currencies, including the euro (EUR). As the decision approaches, volatility is likely to increase, making it crucial for traders to remain vigilant.
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Data Source: FX Killer Analysis Team Updated: 2025-12-08 12:41
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.