Gold prices (XAU/USD) surged to seven-week highs, approaching $4,350, during early European trading on Monday. This rise is attributed to growing speculation surrounding potential interest rate cuts by the US Federal Reserve in the coming year, which has bolstered demand for the precious metal as a safe haven.
As traders anticipate shifts in monetary policy, the increased appeal of gold reflects underlying concerns about economic stability and inflation. The current exchange rate dynamics are influencing not only gold but also the broader forex market, as the USD faces pressure from these rate cut expectations. Investors are closely monitoring these developments, as any changes in the Fed's stance could significantly impact currency pairs and overall market sentiment.
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Data Source: FX Killer Analysis Team Updated: 2025-12-15 07:45
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.