Gold prices (XAU/USD) surged to near seven-week highs, reaching approximately $4,350 during early European trading on Monday. This rally is fueled by growing expectations of interest rate cuts from the US Federal Reserve in the coming year. As traders adjust their positions, the precious metal continues to attract safe-haven demand amid uncertainty surrounding economic indicators.
Market participants are now closely monitoring upcoming US jobs data, which could further influence the Fed's monetary policy decisions. The potential for a shift in interest rates is impacting the exchange rate of the USD, compelling investors to seek refuge in gold. With the precious metal's upward momentum, analysts are watching for any technical levels that could signify a strong bullish trend amid the evolving economic landscape.
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Data Source: FX Killer Analysis Team Updated: 2025-12-15 06:34
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.