Gold (XAU/USD) continued to trade sideways on Tuesday, maintaining its recent pattern as investors remain cautious ahead of the Federal Reserve's interest rate decision on Wednesday. The precious metal's price action reflects a lack of clear direction, with key support levels holding firm amid uncertainty in the markets. Traders are closely monitoring the Fed's stance, which could significantly impact investor sentiment and influence the exchange rate of gold against the USD.
As the Fed prepares to announce its monetary policy, market participants are weighing the potential implications for inflation and economic growth. Any surprise move or guidance on future rate changes could provoke volatility in the currency pair, particularly if the decision diverges from market expectations. The upcoming meeting is crucial, as it will not only affect gold prices but also influence broader trading dynamics across major currencies, including the EUR and USD.
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Data Source: FX Killer Analysis Team Updated: 2025-12-09 14:21
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.