Gold (XAU/USD) maintains its position above $4,200, showing modest intraday gains during the early European session on Monday. However, the precious metal lacks strong bullish momentum, remaining trapped within a trading range established over the past week. Traders are closely watching upcoming economic indicators that could influence market sentiment.
The anticipation surrounding the Federal Reserve's rate decision on Wednesday is keeping the market on edge. Investors are weighing the potential implications for the USD and broader market dynamics, which could set the stage for gold's next significant movement. As the exchange rate fluctuates, market participants are keen to see how the Fed's stance may impact the trading landscape for both gold and the broader currency pairs, particularly against the EUR and other major currencies.
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Data Source: FX Killer Analysis Team Updated: 2025-12-08 08:56
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.