Gold prices surged to a seven-week high, with XAU/USD climbing to approximately $4,275 during the early Asian session on Friday. This upward momentum follows the US Federal Reserve's recent quarter-point rate cut, which has significantly weakened the US Dollar (USD). As traders react to the central bank's decision, the exchange rate for gold continues to attract bullish sentiment.
The Fed's rate cut has implications for broader market dynamics, leading to increased demand for safe-haven assets like gold. As the USD loses strength, investors are turning to commodities, influencing trading patterns and potentially setting the stage for further gains in XAU/USD. The current price levels signal a notable shift in market sentiment, as traders remain vigilant for any new developments from the Fed that could impact currency pairs and overall forex trading strategies.
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Data Source: FX Killer Analysis Team Updated: 2025-12-12 04:08
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.