Gold (XAU/USD) remains in a narrow trading range as market participants adopt a cautious stance ahead of the Federal Reserve's interest rate decision on Wednesday. Currently, the precious metal is hovering around key support and resistance levels, reflecting the uncertainty surrounding future monetary policy. Traders are closely monitoring the Fed's signals, which could significantly impact gold's exchange rates against the USD.
As investors await clarity on the Fed's direction, trading volumes in gold have remained subdued. The sideways movement over the past week illustrates a broader market trend where many are prioritizing safety and caution. The outcome of the upcoming Fed meeting could lead to increased volatility in the gold market, influencing not only gold prices but also broader currency dynamics involving the EUR and USD.
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Data Source: FX Killer Analysis Team Updated: 2025-12-09 16:26
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.