Gold (XAU/USD) is trading cautiously during the Asian session on Friday, currently hovering near its highest level since October 21. The precious metal managed to reach this peak following the dovish outlook from the Federal Reserve, which has influenced market sentiment and driven demand for safe-haven assets. Despite some retracement, gold maintains strong support levels.
As traders assess the implications of the Fed's monetary policy, the exchange rate for gold remains resilient. Market participants are closely monitoring developments, with the current price action reflecting a broader trend of stability amid fluctuations in other currency pairs, including the USD and EUR. This environment suggests continued interest in gold as a hedge against economic uncertainty.
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Data Source: FX Killer Analysis Team Updated: 2025-12-12 06:31
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.