Gold (XAU/USD) maintains modest gains above the $4,200 mark during the early European session on Monday, buoyed by expectations of a dovish Federal Reserve. The precious metal's performance, however, reflects a lack of bullish momentum as it remains within a week-long trading range. The current exchange rate indicates a cautious market response to shifting monetary policy outlooks.
The ongoing weakness of the USD, influenced by these dovish signals, has provided a slight lift to gold prices. Nonetheless, the market appears hesitant, with traders awaiting further cues that could ignite a more decisive move. As global economic factors continue to evolve, the interplay between the USD and gold will remain a focal point for investors navigating these fluctuations.
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Data Source: FX Killer Analysis Team Updated: 2025-12-08 07:44
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.