Gold (XAU/USD) is experiencing a period of consolidation, trading just below its weekly high reached earlier today. Despite a weaker USD, gold bulls are hesitant to make significant moves, as traders await the results of the FOMC's two-day policy meeting, which could influence future price action.
The current exchange rate reflects a cautious market sentiment, with many investors choosing to remain on the sidelines. As the market closely monitors the Federal Reserve's monetary policy outlook, any indication of interest rate adjustments could provide fresh impetus for gold prices to break out of this sideways movement.
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Data Source: FX Killer Analysis Team Updated: 2025-12-10 07:22
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.