Gold (XAU/USD) is holding steady above the critical level of $4,200 as it edged higher during the Asian trading session, reaching a new weekly peak. Traders are closely monitoring the upcoming FOMC rate decision, which has intensified market speculation and influenced trading behavior. The exchange rate has shown resilience, though there is a notable absence of follow-through buying.
Market participants are cautious as they await insights into future monetary policy from the Federal Reserve, which could have significant implications for the USD and other currency pairs. The current price action reflects a delicate balance, with investors weighing potential shifts in interest rates against geopolitical and economic factors that continue to drive demand for gold as a safe haven asset.
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Data Source: FX Killer Analysis Team Updated: 2025-12-10 04:53
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.