Gold (XAU/USD) began the week on a subdued note, slipping below the $4,200 mark as the US dollar strengthened and Treasury yields rose. Currently trading around $4,180, the precious metal faced downward pressure after reaching an intraday high of $4,219. Traders are treading cautiously, awaiting the Federal Reserve’s interest rate decision on Wednesday.
The firming of the USD has contributed to gold's decline, as investors adjust their positions ahead of potential shifts in monetary policy. The anticipated Fed meeting adds uncertainty to the market, prompting many to hold back on new trades in the currency pair. As the situation unfolds, market participants will closely monitor the Fed's statements for potential implications on both gold and the broader exchange rate dynamics.
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Data Source: FX Killer Analysis Team Updated: 2025-12-08 15:22
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.