Gold (XAU/USD) continues to experience a lackluster performance, trading in a narrow range for the third consecutive day. As the Asian session unfolds on Tuesday, the precious metal hovers within a one-week range, indicating traders' uncertainty ahead of the Federal Open Market Committee (FOMC) rate decision scheduled for Wednesday. Current market sentiment suggests a cautious approach, with many participants choosing to remain on the sidelines.
This pause in trading reflects traders' anticipation of clearer signals regarding the Federal Reserve's future rate-cut trajectory. The exchange rate has struggled to gain bearish momentum, highlighting the market's indecision. Investors are closely monitoring macroeconomic indicators and Fed communications, which could significantly impact gold's performance and the broader forex landscape, including pairs like EUR/USD and USD/JPY.
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Data Source: FX Killer Analysis Team Updated: 2025-12-09 07:21
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.