Gold (XAU/USD) continued its upward momentum on Tuesday, rising 0.57% to trade at $4,213, despite a strong jobs report from the United States. The robust data appears unlikely to sway the Federal Reserve from its anticipated rate easing during the upcoming meeting. This bullish sentiment in the gold market follows a bounce from daily lows of $4,170, reflecting traders' confidence in a dovish Fed stance.
As investors monitor monetary policy decisions, the exchange rate of XAU/USD demonstrates resilience, indicating a growing preference for safe-haven assets amid economic uncertainty. The ongoing expectations of lower interest rates could further support gold prices, encouraging traders to position for potential gains in the face of a fluctuating USD and evolving market dynamics.
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Data Source: FX Killer Analysis Team Updated: 2025-12-09 18:51
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.