Gold (XAU/USD) continues to trade within a narrow range during the Asian session on Tuesday, as market participants await the Federal Open Market Committee's (FOMC) rate decision scheduled for Wednesday. Currently, the precious metal's price movement reflects a cautious sentiment, with traders opting for a wait-and-see approach amid rising uncertainty regarding potential interest rate adjustments.
The sideways consolidation has held steady for over a week, with gold remaining confined to familiar technical levels. As traders stay on the sidelines, the outlook for the currency pair hinges on the FOMC's decision, which could provide much-needed directional momentum. With the USD's strength closely tied to monetary policy, any shifts in the Federal Reserve's stance will likely impact gold's exchange rate and overall market dynamics.
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Data Source: FX Killer Analysis Team Updated: 2025-12-09 05:19
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.